Important Information for Investors: Deadline Reminder for The Bancorp, Inc. Securities Class Action Lawsuit
New York, NY and New Orleans, LA – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 16, 2025 to file lead plaintiff applications in a securities class action lawsuit against The Bancorp, Inc. (“Bancorp” or the “Company”) (NasdaqGS:TBBK), if they purchased the Company’s securities between January 25, 2024 and March 4, 2025, inclusive (the “Class Period”).
The complaint alleges that during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that:
- Bancorp’s financial statements for the periods presented in its annual report on Form 10-K for the fiscal year ended December 31, 2023 contained material misstatements and omissions;
- Bancorp had inadequate internal control over financial reporting;
- Bancorp’s revenue growth was primarily driven by acquisitions and not organic growth;
- Bancorp’s loan loss provisions were insufficient;
- Bancorp’s executive officers and directors had engaged in insider trading;
As a result of this information being released to the public, the price of Bancorp’s securities significantly declined, causing investors harm.
What Does This Mean for Individual Investors?
If you purchased Bancorp’s securities during the Class Period and have suffered a loss, you may be able to recover your loss by serving as a lead plaintiff in this class action lawsuit. In order to be a lead plaintiff, you must meet certain legal requirements and be among the first to file an application with the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
To learn more about your rights as a Bancorp investor, you can contact KSF at 1-877-515-1850 or [email protected], or visit
What Does This Mean for the World?
The securities class action lawsuit against Bancorp is an important reminder of the need for transparency and accuracy in financial reporting. The allegations made in the complaint, if proven true, could have significant consequences for the Company and its stakeholders. It is essential for companies to maintain accurate financial records and disclose any material information to investors in a timely and transparent manner.
Additionally, this lawsuit highlights the importance of individual investors being vigilant and aware of their rights. By coming forward as lead plaintiffs, they can help ensure that companies are held accountable for any misrepresentations or omissions in their financial reporting. This can ultimately lead to a more level playing field for all investors and a more efficient capital market.
Conclusion
Investors who purchased The Bancorp, Inc.’s securities between January 25, 2024 and March 4, 2025, have until May 16, 2025 to file lead plaintiff applications in a securities class action lawsuit against the Company. The complaint alleges that Bancorp made false and/or misleading statements and/or failed to disclose material information during the Class Period. If you are an affected investor, you may be able to recover your loss by serving as a lead plaintiff in this class action lawsuit. For more information, contact Kahn Swick & Foti, LLC at 1-877-515-1850 or [email protected].
This lawsuit is an important reminder of the need for transparency and accuracy in financial reporting and the rights of individual investors to hold companies accountable for any misrepresentations or omissions. By coming forward as lead plaintiffs, investors can help ensure that companies maintain accurate financial records and disclose any material information to investors in a timely and transparent manner. This can ultimately lead to a more level playing field for all investors and a more efficient capital market.
