Investors urged to act in The Bancorp securities class action before deadline

In New York, on April 4, 2025, the Rosen Law Firm, a global attorney focused on investor rights, announced critical information for purchasers of securities of The Bancorp, Inc., particularly concerning a class action lawsuit that affects investors who acquired these securities between January 25, 2024, and March 4, 2025. The firm outlined that investors may be eligible for compensation without having to pay out-of-pocket expenses thanks to a contingency fee arrangement. The firm set a critical deadline of May 16, 2025, for any interested investors wishing to act as lead plaintiffs in the class action. The Rosen Law Firm has an established track record in securities class actions, as illustrated by its previous achievements, such as securing the largest settlement against a Chinese company at the time and being ranked first for the number of securities class action settlements in 2017 by ISS Securities Class Action Services. The class action alleges serious misconduct by The Bancorp, Inc. during the Class Period, including false and misleading statements about risks related to its real estate bridge loan portfolio and the sufficiency of its credit loss methodology. These allegations raise significant concerns about the company's internal controls and financial reporting accuracy, with evidence suggesting that material weaknesses existed. Despite the apparently positive statements made by the defendants about the company's business operations and prospects, these were deemed misleading once the actual risks were revealed and investors experienced damages. As the deadline approaches, the Rosen Law Firm has provided a clear pathway for investors adversely affected by these developments to join the class action, reaching out through their website or directly via phone or email for more information on how to proceed. No class has yet been certified, leaving individual investors the option to select their legal counsel. The firm emphasizes that many others in this field may lack comparable legal expertise and recognition in securities litigation, highlighting the importance of choosing appropriate counsel carefully. The announcement signifies a critical moment for many investors who may be seeking to address and rectify the financial losses experienced due to potentially deceptive practices undertaken by The Bancorp, Inc. and its management team. Given the severity of the allegations and the potential for compensation, the Rosen Law Firm's outreach serves to educate and mobilize investors to take necessary action within the stipulated time frame. Investors are reminded not only of the impending deadline but also of the opportunity to participate in a potentially significant legal resolution regarding their investments.