TBBK Investors Can Take Charge in Securities Fraud Case Against The Bancorp, Inc.

TBBK Investors Stand a Chance in Leading The Bancorp, Inc. Class Action Lawsuit

In recent developments, the Schall Law Firm, a prominent national shareholder rights legal firm, has issued a reminder to investors concerning a class action lawsuit against The Bancorp, Inc. (NASDAQ: TBBK). The lawsuit revolves around alleged violations of federal securities laws, specifically under §§10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 established by the U.S. Securities and Exchange Commission (SEC).

The concerned period for investors includes securities purchases made between January 25, 2024, and March 4, 2025. Those who have suffered losses during this timeframe are strongly encouraged to connect with the firm by May 16, 2025. This call to action comes as a response to The Bancorp purportedly making misleading statements that cast doubt on their financial integrity.

Allegations of Misleading Statements

The complaint against The Bancorp asserts that the company downplayed the substantial risks associated with its commercial real estate bridge lending (REBL) portfolio. Investors allege that Bancorp presented inaccurate expectations regarding credit loss methodology, which inadequately addressed potential losses, thereby leading shareholders to believe that the company was more stable than it actually was.

Furthermore, it is suggested that Bancorp was likely to increase its provisions for credit losses, raising concerns about its internal financial reporting controls. Notably, the complaint highlights significant weaknesses in these financial controls and mentions that Bancorp failed to obtain the required approvals from its independent auditor for financial statements. These oversights have resulted in public statements that were ultimately found to be false and misleading.

Importance of Acting Now

The firm emphasizes that because the class in this case has not yet received certification, potential claimants are not currently represented by an attorney. Investors have the option to either take action and join the lawsuit to recover their losses or remain silent, effectively becoming absent class members.

Brian Schall, an attorney at the Schall Law Firm, encourages investors who wish to discuss their rights to reach out for a free consultation. They can contact him at the firm's office located at 2049 Century Park East, Suite 2460, Los Angeles, or call 310-301-3335. Furthermore, inquiries can be made through the firm’s official website.

How to Get Involved

For investors who may fit the criteria and are ready to take the next steps, joining the lawsuit could provide an opportunity to recover losses. The Schall Law Firm specializes in representing shareholders worldwide, with a focus on securities class action lawsuits and shareholder rights litigation.

Learn more about this situation by visiting The Schall Law Firm’s website at www.schallfirm.com. The time to act is now; the future of your investments might depend on it.

This notice should also be considered as attorney advertising in certain jurisdictions, showcasing the firm’s dedicated approach to aiding investors in their pursuit of justice against unfair practices in the financial market.