#United States #New York #Class Action #TBBK #Bancorp

Investor Alert: Class Action Lawsuit Filed Against The Bancorp, Inc.

In an important development for investors, Bronstein, Gewirtz & Grossman, LLC, a prominent national law firm, has notified stakeholders about a recently filed class action lawsuit concerning The Bancorp, Inc. (NASDAQ: TBBK). This lawsuit seeks to represent individuals and entities who experienced significant financial losses while holding Bancorp securities during the designated Class Period, which spans from January 25, 2024, to March 4, 2025.

Background on the Lawsuit

The core of the lawsuit lies in the assertion that the defendants, including certain officials from Bancorp, made misleading statements and failed to disclose critical information about the company's operations. This class action aims to address the alleged violations of federal securities laws that have left investors vulnerable.

The complaint highlights several material misrepresentation aspects, including:
1. Risk of Default: The Bancorp allegedly neglected to adequately represent the significant risk involved with its REBL loan portfolio, which could have implications for debt repayment and investor returns.
2. Insufficient Credit Loss Methodology: The methodology the company employed to estimate expected credit losses was deemed insufficient, indicating potential underlying issues in financial forecasting and risk management.
3. Internal Control Weaknesses: There were claimed weaknesses in the company's internal controls regarding financial reporting. Such weaknesses can greatly affect a company’s financial health and transparency, impacting investor trust.
4. Financial Statement Reliability: Due to unresolved issues with reporting standards, Bancorp's financial statements may not accurately reflect its economic situation. This situation raises questions about the validity of the investors' reliance on those statements for investment decisions.

Joining the Class Action

Affected individuals are encouraged to participate in this class action to seek restitution. Those who acquired Bancorp securities during the specified Class Period are invited to visit Bronstein, Gewirtz & Grossman, LLC's website (bgandg.com/TBBK) for further information on the lawsuit and how to join. The law firm is offering an opportunity for aggrieved investors to be appointed as lead plaintiffs. Investors who suffered losses must act quickly, as the deadline to request leading plaintiff status is approaching on May 16, 2025.

No Fees Upfront

Importantly, Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning that investors will not incur costs unless the case results in a successful recovery. If successful, the court will typically reimburse the firm's legitimate out-of-pocket expenses along with a percentage of the recovery amount as attorneys' fees.

About the Law Firm

Bronstein, Gewirtz & Grossman, LLC has established itself as a leading law firm, particularly in representing investors affected by securities fraud and similar class action lawsuits. Over the years, the firm has successfully recovered substantial sums for investors, reinforcing its reputation in the sector.

For the latest updates, interested parties can follow the firm on various social media platforms, including LinkedIn, X, Facebook, and Instagram.

In summary, the ongoing lawsuit signifies potential repercussions for The Bancorp, Inc. and serves as a critical catalyst for investors seeking justice for alleged financial mismanagement. Those affected are advised to consult legal resources soon, ensuring their rights and claims are properly represented as the case develops.