Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of The Bancorp, Inc. during the specified Class Period of the upcoming lead plaintiff deadline on May 16, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Bancorp securities between January 25, 2024, and March 4, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 16, 2025 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against Bancorp - The lawsuit alleges that Bancorp made false and misleading statements regarding the risk of default on its real estate bridge loan portfolio and the adequacy of its credit loss methodology [4]. - It is claimed that Bancorp was likely to increase its provision for credit losses due to these misrepresentations, and there were material weaknesses in its internal controls over financial reporting [4]. - The lawsuit asserts that the positive statements made by Bancorp about its business and operations were materially misleading and lacked a reasonable basis [4].
ROSEN, HIGHLY RECOGNIZED INVESTOR COUNSEL, Encourages The Bancorp, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TBBK