#USA #Los Angeles #Schall Law Firm #Securities Fraud #The Bancorp

TBBK Investors: Your Opportunity to Join a Class Action

The current financial climate has identified numerous challenges for shareholders of various companies, and The Bancorp, Inc. (NASDAQ: TBBK) is amongst those facing scrutiny. Recently, the Schall Law Firm, known for advocating for shareholder rights, has announced a class action lawsuit against The Bancorp, Inc. for alleged violations of federal securities laws. This situation presents a valuable opportunity for investors affected by the company's purported misconduct to seek accountability and potentially recover their losses.

The Allegations Against The Bancorp, Inc.

The lawsuit focuses on alleged infractions related to §§10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5, which highlights the importance of truthful disclosures by public companies. Specifically, the complaint mentions that between January 25, 2024, and March 4, 2025, The Bancorp made statements that misrepresented the risk profile of their commercial real estate bridge lending portfolio. Shareholders are invited to participate in this class action if they purchased securities during this period.

According to the lawsuit, The Bancorp underreported the significant risks associated with its commercial real estate business. By failing to accurately assess credit losses, The Bancorp's financial health was misrepresented to shareholders. Furthermore, it has been asserted that there were material weaknesses in internal controls over financial reporting, which culminated in the company lacking the necessary approval from its independent auditor for its financial statements. Such breaches not only undermine investor trust but also have legal ramifications that the company may now have to address.

Why You Should Join the Lawsuit

If you are a TBBK shareholder who has endured losses as a result of these practices, joining this class action lawsuit is a vital step toward securing your rights. Investors have until May 16, 2025, to reach out to the Schall Law Firm and express their interest in participating. Affected shareholders must act before the deadline to ensure they are included in any potential settlements that may be achieved in the course of this legal action.

The Schall Law Firm has built a reputation for its dedication to representing investors globally, helping clients navigate the complex terrain of securities laws. With many years of experience handling securities class action lawsuits, Schall Law Firm understands the intricacies involved, focusing on helping clients reclaim their financial losses.

How to Get Involved

To join the class action, investors can contact the Schall Law Firm directly. Brian Schall, Esq. is available at their Los Angeles office, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. Interested parties can reach out via phone at 310-301-3335. Moreover, inquiries can be made through the firm’s official website, www.schallfirm.com, ensuring that investors can easily communicate their intent to participate in this potential pursuit for justice.

It is important to remember that the class is not yet certified, meaning that until that occurs, investors are not officially represented by an attorney. Those who decide not to take action will remain absent class members and may miss the opportunity for recovery.

Final Thoughts

The ongoing lawsuit against The Bancorp, Inc. underscores the pressing reality of corporate governance and the necessity for transparency in financial reporting. As an investor, it is crucial to be aware of your rights and the options available to you in the face of alleged wrongdoing by a public company. By joining this class action, you can play a role in holding the responsible parties accountable, while also striving to recover your losses. Take the first step today by contacting the Schall Law Firm and learn more about your options. Shareholder activism is an essential element in ensuring that companies uphold their duty to investors, and together you can make a significant impact.