#United States #New York #Inc. #Securities Fraud #Rosen Law Firm #The Bancorp

TBBK Investors Alert: Join the Class Action Now

The Rosen Law Firm, well-known for protecting investor rights, is reaching out to those who bought securities from The Bancorp, Inc. (NASDAQ: TBBK) between January 25, 2024, and March 4, 2025. A significant lawsuit alleging securities fraud has been initiated, and interested investors have a pressing deadline of May 16, 2025, to take action. This article discusses the situation, the lawsuit's details, and how to become actively involved.

Importance of the Deadline

If you purchased stocks or securities from The Bancorp during the specified time frame, you may be eligible for compensation. This case aims to seek restitution for your losses without requiring you to pay any fees upfront. The Rosen Law Firm operates on a contingency fee model, meaning you only pay when you win.

To participate in the Bancorp class action, you can visit rosenlegal.com or contact Phillip Kim, Esq. at 866-767-3653. If you want to serve as the lead plaintiff, your motion must reach the Court by the deadline mentioned. The lead plaintiff acts on behalf of other investors in the same situation.

Why Choose Rosen Law Firm?

Selecting the right legal counsel is crucial. The Rosen Law Firm has established a commendable track record in class action lawsuits and provides significant resources compared to many other firms. Many companies merely refer clients to litigators rather than actively represent them, so discretion is advised when choosing your lawyer.

The firm has successfully represented investors globally, recovering hundreds of millions in settlements, including a notable $438 million just in 2019. Founder Laurence Rosen is celebrated as a Titan of the Plaintiffs' Bar, and many attorneys from the firm have received accolades from industry publications.

Details of the Lawsuit

According to allegations in the class action, during the class period, The Bancorp misrepresented itself by failing to disclose crucial information, including:
1. Significant risks tied to default on its REBL loan portfolio were not accurately communicated.
2. The methodology for expected credit losses did not adequately cover possible provisions for credit losses.
3. There was a substantial likelihood of an increase in provisions for credit losses based on the misleading statements made.
4. Internal controls lacked integrity, leading to inaccuracies in financial reporting.
5. Financial statements were not cleared by independent auditors, affecting their credibility.
6. Positive affirmations regarding the company's performance lacked a factual basis, ultimately misleading investors.

The repercussions of these undisclosed risks manifested once the true nature of the company’s status was revealed, leading to investor losses. The lawsuit seeks justice on behalf of those affected.

How to Join the Class Action

If you believe you qualify as a class member, be sure to join the Bancorp class action by going to rosenlegal.com or contact Phillip Kim, Esq. toll-free at 866-767-3653 for detailed information. However, keep in mind that no class has been certified yet; thus, unless you engage an attorney, you won't be formally represented.

Updates and Further Information

For timely updates regarding the class action lawsuit or other relevant information, follow the Rosen Law Firm on LinkedIn, Twitter, or Facebook.

In conclusion, if you hold The Bancorp securities and have experienced significant losses, do not hesitate. This lawsuit is your opportunity for potential recovery, and the time to act is now.

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Email: [email protected]
rosenlegal.com
Attorney Advertising. Prior results do not guarantee similar outcomes.