The Bancorp faces lawsuit over investor deception

In the United States, on May 8, 2025, the law firm Kessler Topaz Meltzer & Check, LLP announced the filing of a securities class action lawsuit against The Bancorp, Inc., which is traded on NASDAQ under the ticker TBBK. The class action pertains to investors who purchased shares of Bancorp from January 25, 2024, to March 4, 2025, inclusive. The lawsuit claims that during this Class Period, the company made misleading statements and failed to disclose various risks related to its financial reporting, including the significant risk of default on its real estate bridge loans and flaws in its internal control over financial reporting. This information was allegedly not made available to investors, which ultimately led to losses when the true financial condition of Bancorp was revealed. The lead plaintiff deadline for investors wishing to represent the class is set for May 16, 2025, giving affected investors a limited window to participate in the lawsuit. Kessler Topaz Meltzer & Check, LLP encourages those investors who experienced significant losses during the class period to reach out for further information on their rights and options. The law firm specializes in class action litigation and stresses the importance of protecting investors from financial misconduct and malpractice. Furthermore, the complaint underscores that Bancorp's financial statements, during the specified timeframe, could not be relied upon, significantly impacting investor trust and potentially leading to greater scrutiny of the company's practices.