Important Investor Alert: The Bancorp, Inc. Securities Class Action Lawsuit
New York, NY and New Orleans, LA – March 28, 2025
Kahn Swick & Foti, LLC (KSF) and its 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”) if they purchased the Company’s securities between January 25, 2024 and March 4, 2025, inclusive (the “Class Period”).
Background
The lawsuit alleges that throughout the Class Period, Bancorp made false and/or misleading statements and/or failed to disclose that:
- The Company was experiencing significant operational issues, including issues with its payment processing services.
- The Company was experiencing increased regulatory scrutiny and potential enforcement actions.
- The Company’s financial statements for the periods in question contained material misstatements and omissions.
As a result of these allegations, investors who purchased Bancorp securities during the Class Period have suffered significant losses and are entitled to seek compensation.
Impact on Individual Investors
If you purchased Bancorp securities during the Class Period and have suffered losses as a result, you may be entitled to seek compensation. You may, but are not required to, act as a lead plaintiff in the lawsuit. If you wish to learn more about your potential legal rights as a Bancorp investor, you can contact KSF at (514) 957-6622 or via email at [email protected].
Impact on the World
The securities class action lawsuit against Bancorp is significant as it highlights the importance of transparency and accuracy in financial reporting. Companies that fail to provide accurate and timely information to investors can face serious consequences, including financial losses for investors and potential regulatory action.
Additionally, the lawsuit may encourage other investors to come forward with information about any potential issues with Bancorp, leading to further investigation and potential action by regulatory authorities.
Conclusion
Investors who purchased Bancorp securities during the Class Period and have suffered losses as a result are encouraged to contact KSF to learn more about their potential legal rights. The securities class action lawsuit against Bancorp serves as a reminder of the importance of transparency and accuracy in financial reporting and the potential consequences for companies that fail to provide such information to investors.
KSF continues to investigate other potential securities class actions against companies whose financial statements and practices may be misleading or deceptive. If you have information that may be relevant to our ongoing investigations, please contact us at (514) 957-6622 or via email at [email protected].
