#USA #Kessler Topaz #Radnor #TBBK #The Bancorp

Important Securities Fraud Class Action Notice

Kessler Topaz Meltzer & Check, LLP recently announced critical news for investors concerning The Bancorp, Inc. (NASDAQ: TBBK). A securities class action lawsuit has been initiated against the financial institution, specifically for those who purchased or acquired Bancorp securities from January 25, 2024, to March 4, 2025, commonly referred to as the Class Period. This development calls for immediate attention from affected investors, as the deadline to apply as a lead plaintiff is set for May 16, 2025.

The Allegations

At the heart of the lawsuit are serious allegations against Bancorp. The complaint outlines that the defendants reportedly conveyed misleading information or failed to disclose crucial information that could have alerted investors to potential risks. Key allegations include:

1. Failure to adequately represent the significant risk of default or loss associated with Bancorp's real estate bridge loans portfolio.
2. Insufficient methodology in recognizing expected credit losses in their financial predictions.
3. A likelihood that Bancorp will increase its credit loss provisions.
4. The existence of substantial weaknesses in the internal controls governing financial reporting.
5. Lack of approval of Bancorp's financial statements by an independent auditor, thereby undermining their legitimacy.
6. Overall, the positive proclamations made by the defendants regarding the company's financial health were found to be materially misleading.

These claims could have significant repercussions for current and past investors of Bancorp, who may have made financial decisions based on the statements provided by the firm.

Role of the Lead Plaintiff

Investors impacted by this fraudulent conduct can seek to be appointed as lead plaintiffs, offering an opportunity to represent all class members in the legal proceedings. As a lead plaintiff, individuals will guide the litigation process and select legal representation. However, investors are reminded that their ability to recover losses will not be affected by their decision to serve or abstain from serving as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages all affected investors to become informed about the ongoing developments. For those who believe they may have sustained significant losses due to Bancorp's alleged actions, contacting the law firm is imperative for details on participation in this class action.

How to Get Involved

If you've experienced losses as a result of your investment in Bancorp securities, you're encouraged to take action. You can either:

• - Visit Kessler Topaz Meltzer & Check’s official webpage to sign up for updates on the case.
• - Reach out directly to attorney Jonathan Naji at (484) 270-1453 or via email at [email protected] for personalized legal support.

About Kessler Topaz Meltzer & Check, LLP

For context, Kessler Topaz Meltzer & Check, LLP is a leading law firm in prosecution of class actions. It has built a solid reputation globally, advocating for victims of fraud and corporate wrongdoings, having recovered substantial sums for those affected. Their commitment is largely towards ensuring that stakeholders are protected from fraudulent and negligent practices by enterprises and fiduciaries alike.

This case represents not just an opportunity for restitution, but also a pivotal moment for corporate accountability. Investors must stay informed and take action before the deadline approaches. Everyone who has been impacted is urged to explore their options and seek knowledgeable assistance in navigating this complex legal landscape.