#United States #Los Angeles #Schall Law Firm #Securities Fraud #The Bancorp

Investors Urged to Join The Bancorp Class Action Lawsuit

LOS ANGELES, April 3, 2025 – The Schall Law Firm, a prominent national firm specializing in shareholder rights cases, has announced a crucial opportunity for investors of The Bancorp, Inc. (NASDAQ: TBBK) to join a class action lawsuit initiated due to violations of the Securities Exchange Act of 1934. This lawsuit particularly concerns allegations involving misleading statements made by the Company regarding its commercial real estate bridge lending portfolio.

Background on the Case

Between January 25, 2024, and March 4, 2025, investors who purchased The Bancorp's securities may have been affected by the alleged misconduct. The Schall Law Firm is now urging these investors to contact them by May 16, 2025, to explore their options and possibly recover their losses.

The allegations center around the Company’s failure to accurately represent the potential risks associated with its lending portfolio. Specifically, it has been suggested that The Bancorp did not adequately disclose the significant risk of default associated with its real estate loans and that it mismanaged the expected credit loss methodology, which failed to account for necessary provisions for credit losses.

Key Allegations and Impact on Investors

The complaint outlines several critical points:

• - Misleading Statements: Bancorp's public communications during the class period were allegedly false and misleading, omitting crucial information about the financial health and risk of the company's lending operations.
• - Risk of Loss: The Company’s reported financial status did not accurately reflect the material weaknesses in financial reporting controls, potentially leading to amplified risks for shareholders.
• - Market Reaction: After the revelation of these truths, the stock price of The Bancorp experienced a significant downturn, leading to substantial financial losses for investors who had acquired securities during the misrepresented period.

Steps for Affected Investors

Investors who believe they have suffered financial losses due to their investment in The Bancorp’s securities are encouraged to take action as this class action lawsuit has not yet been certified. By choosing to contact the Schall Law Firm, you can gain insights into your rights as a shareholder and the potential for recovery.

Brian Schall, an experienced attorney at the firm, is available to discuss your legal options free of charge at 310-301-3335 or through the firm’s website. It’s essential for affected investors to act quickly to ensure they are represented in this class action.

Conclusion

The Schall Law Firm stands ready to assist investors seeking justice in the face of alleged securities fraud. If you purchased shares of The Bancorp, Inc. between January 25, 2024, and March 4, 2025, do not hesitate to reach out. Participating in this lawsuit might be the first step toward recovering your losses.

Remember, taking no action could lead to being an absent class member without representation. Don’t miss the chance to safeguard your interests and financial future.