Important Information for Investors: Securities Class Action Lawsuit against The Bancorp, Inc.
On March 27, 2025, Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., issued a reminder to investors regarding the ongoing securities class action lawsuit against The Bancorp, Inc. (“Bancorp” or the “Company”) (NasdaqGS:TBBK).
Background of the Lawsuit
The lawsuit alleges that Bancorp and certain of its executive officers made false and/or misleading statements and/or failed to disclose material adverse facts during the Class Period, which is between January 25, 2024, and March 4, 2025.
Specifically, the complaint alleges that the defendants failed to disclose: (1) deficiencies in the Company’s internal control over financial reporting; (2) significant declines in the Company’s revenue and earnings; and (3) the termination of a key customer relationship.
Impact on Individual Investors
If you purchased Bancorp’s securities during the Class Period and suffered losses as a result, you may be eligible to recover your damages by serving as a lead plaintiff in this securities class action lawsuit. The lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Impact on the World
The securities class action lawsuit against Bancorp is significant because it highlights the importance of accurate financial reporting and transparency for publicly traded companies. When companies fail to disclose material information, it can negatively impact investor confidence and the overall market.
Deadline to File Lead Plaintiff Applications
Investors interested in serving as a lead plaintiff have until May 16, 2025, to file their lead plaintiff applications. The lead plaintiff applications must be filed with the court and served on the defendants.
How to Participate
If you wish to participate in this securities class action lawsuit, please contact KSF at (514) 935-5638 or [email protected] to discuss your rights and potential eligibility to recover damages. You can also visit KSF’s website at www.ksfcounsel.com for more information.
Conclusion
The ongoing securities class action lawsuit against Bancorp serves as a reminder to investors to carefully monitor the financial reporting of publicly traded companies and to take action when necessary to protect their investments. If you purchased Bancorp’s securities during the Class Period and suffered losses, you may be eligible to recover your damages by serving as a lead plaintiff in this lawsuit. Contact KSF for more information and to discuss your potential eligibility.
- KSF and former Louisiana Attorney General Charles C. Foti, Jr. remind investors of the May 16, 2025 deadline to file lead plaintiff applications in a securities class action lawsuit against The Bancorp, Inc.
- The lawsuit alleges that Bancorp and certain executive officers made false or misleading statements and failed to disclose material adverse facts during the Class Period.
- Individual investors who purchased Bancorp’s securities during the Class Period and suffered losses may be eligible to recover damages by serving as a lead plaintiff.
- The lawsuit highlights the importance of accurate financial reporting and transparency for publicly traded companies.
- Contact KSF at (514) 935-5638 or [email protected] for more information and to discuss potential eligibility to recover damages.
