Important Information for Investors: Securities Class Action Lawsuit against The Bancorp, Inc.
NEW ORLEANS, April 4, 2025 /PR Newswire/ — ClaimsFiler, a leading shareholder information service, alerts investors that they have until May 16, 2025 to file a lead plaintiff application in a securities class action lawsuit against The Bancorp, Inc. (NasdaqGS: TBBK), if they purchased the Company’s securities between January 25, 2024 and March 4, 2025, inclusive (the “Class Period”). This action is currently underway in the United States District Court for the District of Delaware.
Background of the Lawsuit
The complaint alleges that The Bancorp, Inc. and certain of its top executives violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the Company’s business, financial condition, and prospects. Specifically, the complaint alleges that the defendants failed to disclose: (1) that the Company’s loan portfolio contained a significant amount of troubled loans, (2) that the Company was experiencing increased loan defaults and delinquencies, and (3) that the Company’s financial statements for the Class Period did not accurately reflect the Company’s financial condition.
Impact on Individual Investors
If you purchased The Bancorp, Inc. securities during the Class Period, you may be eligible to recover your losses, including damages. To be a lead plaintiff, you must meet certain requirements. You do not need to be the first filer, or the largest shareholder. You only need to have purchased enough shares to give you economic interest and standing to file a lawsuit.
Impact on the World
The securities class action lawsuit against The Bancorp, Inc. could have far-reaching implications for the financial industry as a whole. If the allegations are proven true, it could lead to increased scrutiny of other financial institutions and their loan portfolios. It could also lead to stricter regulations and requirements for publicly traded companies to disclose more detailed financial information.
Conclusion
If you purchased The Bancorp, Inc. securities between January 25, 2024 and March 4, 2025, and believe that you have suffered losses as a result of the Company’s alleged misrepresentations, you may be eligible to recover your damages. It is important to act quickly and file your lead plaintiff application before the May 16, 2025 deadline. For more information, contact ClaimsFiler at 888-367-6553 or visit www.claimsfiler.com.
- ClaimsFiler: Shareholder Information Service
- Lead Plaintiff Application Deadline: May 16, 2025
- Class Period: January 25, 2024 to March 4, 2025
- Securities Class Action Lawsuit against The Bancorp, Inc.
- United States District Court for the District of Delaware
