Important Information for Investors: Securities Class Action Lawsuit against The Bancorp, Inc.
On March 31, 2025, Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., issued a reminder to investors regarding a securities class action lawsuit against The Bancorp, Inc. (“Bancorp” or the “Company”) (NasdaqGS:TBBK).
Background of the Lawsuit
The lawsuit alleges that The Bancorp, Inc. violated federal securities laws by issuing materially false and misleading statements to the public during the Class Period, which was between January 25, 2024, and March 4, 2025, inclusive.
According to the complaint, The Bancorp made false and misleading statements regarding its financial condition, business prospects, and compliance with regulatory requirements. Specifically, the Company allegedly failed to disclose that it was experiencing significant operational and financial challenges, including increased competition, declining revenues, and regulatory scrutiny.
Investor Deadline
Investors who purchased The Bancorp’s securities during the Class Period and suffered losses as a result are encouraged to apply to be lead plaintiff in this class action lawsuit. The lead plaintiff is the investor or investors who hold the largest financial interest in the relief sought by the class. They are responsible for representing the interests of all class members in the action.
To be eligible to be a lead plaintiff, investors must meet certain legal requirements. They must hold a significant number of shares during the Class Period and must have incurred significant losses. The lead plaintiff will be selected by the court based on these and other factors.
The deadline to apply to be lead plaintiff is May 16, 2025.
Effect on Individual Investors
If you purchased The Bancorp’s securities during the Class Period and suffered losses, you may be able to recover your losses through this class action lawsuit. The lead plaintiff will represent your interests and negotiate a settlement on your behalf.
Effect on the World
The securities class action lawsuit against The Bancorp, Inc. is an important step in holding the Company accountable for its alleged misrepresentations to investors. It is a reminder that public companies must provide accurate and transparent information to the investing public.
Moreover, securities class action lawsuits serve as a deterrent to corporate fraud and other wrongdoing. They encourage companies to maintain high standards of corporate governance and financial reporting, which benefits all shareholders and the broader business community.
Conclusion
If you purchased The Bancorp, Inc.’s securities during the Class Period and suffered losses, you have until May 16, 2025, to apply to be lead plaintiff in a securities class action lawsuit against the Company. This lawsuit alleges that The Bancorp violated federal securities laws by issuing materially false and misleading statements during the Class Period. If you are eligible, you may be able to recover your losses through this lawsuit.
The securities class action lawsuit against The Bancorp is an important step in holding the Company accountable for its alleged misrepresentations to investors. It serves as a reminder that public companies must provide accurate and transparent information to the investing public, and that securities class action lawsuits serve as a deterrent to corporate fraud and other wrongdoing.
- If you purchased The Bancorp, Inc.’s securities during the Class Period and suffered losses, apply to be lead plaintiff by May 16, 2025.
- The lawsuit alleges that The Bancorp violated federal securities laws by issuing materially false and misleading statements during the Class Period.
- Securities class action lawsuits serve as a deterrent to corporate fraud and other wrongdoing.
