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Kessler Topaz Meltzer & Check Encourages Action from Bancorp Investors

Overview

On April 17, 2025, the law firm Kessler Topaz Meltzer & Check, LLP announced a securities class action lawsuit filed against The Bancorp, Inc. (NASDAQ: TBBK). This legal action is aimed at investors who acquired Bancorp securities between January 25, 2024, and March 4, 2025. The deadline to become a lead plaintiff is set for May 16, 2025, which emphasizes the urgency for affected investors to act promptly.

Details of the Lawsuit

The allegations brought forth in the lawsuit include serious claims against Bancorp, suggesting that the company made misleading statements regarding its financial health and management practices. Specifically, the lawsuit contends that:

• - Bancorp failed to adequately represent the risks associated with its real estate bridge loans, which raises questions about their risk assessment practices.
• - The methods used to calculate expected credit losses didn’t sufficiently address the necessary provisions for such losses, potentially leading to understated financial risks.
• - The financial statements released by Bancorp had not received approval from an independent auditor, a critical transparency measure for investors.

These factors contribute to the assertion that Bancorp's previous optimistic statements regarding its business operations have been misleading. By maintaining such narratives, it is alleged that the defendants obscured significant risks that could impact investors’ decisions.

The Role of Lead Plaintiffs

As part of the legal process, investors have the option to become lead plaintiffs by representing the collective interests of all class members involved. A lead plaintiff typically is an investor or investors who have experienced substantial losses and can adequately represent the group’s interests. This is a vital role, as the lead plaintiff has the authority to direct the course of the litigation and select legal counsel.
For Bancorp investors wishing to secure their rights in this situation, reaching out to Kessler Topaz Meltzer & Check, LLP before the May deadline is crucial. The firm encourages potential lead plaintiffs to consider their financial stakes and the significance of their participation in these proceedings.

How to Get Involved

Investors affected by the alleged misleading practices of Bancorp are invited to connect with Kessler Topaz Meltzer & Check to explore their options further. The law firm has laid out clear steps for individuals interested in contributing to the class action, ensuring that the rights of investors are upheld. Interested parties can visit their official website or directly reach out to an attorney from the firm to discuss the specifics of their cases.
The firm operates under the mission of safeguarding investors from corporate misconduct and remains dedicated to holding businesses accountable for their actions. Kessler Topaz has a considerable history of securing justice and compensation for those harmed by deceptive practices.

Contact Information

For additional information regarding this class action lawsuit or to submit inquiry for potential participation, investors can visit the Kessler Topaz Meltzer & Check website at ktmc.com. To contact attorney Jonathan Naji, phone at (484) 270-1453 or email him at [email protected]. The firm emphasizes the importance of acting swiftly to ensure the best chances of a satisfactory legal outcome.

In conclusion, investors of Bancorp should evaluate their participation in this case seriously, as the timeline is short but the urgency is high. Holding companies accountable is an integral part of maintaining market integrity and protecting the interests of shareholders.