Trending...
- House of Buneau Releases "Pretty Boy Heaven," A Cinematic Exploration of Beauty and Distance - 107
- VBO Expands Event Manager 3.0 with Real-Time Sales Visibility, New Dashboards, and Operational Tools
- Mark Dobosz Makes Donorassess.org Free To Every Nonprofit On The Planet
LOS ANGELES, April 22, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to The Bancorp, Inc. ("TBBK" or the "Company") (NASDAQ: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">TBBK) have opportunity to lead the securities fraud class action lawsuit.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN THE BANCORP, INC. (TBBK), CLICK HERE BEFORE MAY 16, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between January 25, 2024 and March 4, 2025, Defendants failed to disclose to investors: (1) that Bancorp had underrepresented the significant risk of default or loss on its REBL loan portfolio; (2) that the Company's current expected credit loss methodology was insufficient to account for the provision and/or allowance of credit losses; (3) that, as a result of the foregoing, the Company was reasonably likely to increase its provision for credit losses; (4) that there were material weakness in its internal control over financial reporting; (5) that its financial statements had not been approved by its independent auditor; (6) that, as a result of the foregoing, the Company's financial statements could not be relied upon; and (7) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
More on The Californer
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
More on The Californer
Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz,
Telephone: 310-914-5007
Email: [email protected]
Visit our website at: www.frankcruzlaw.com
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN THE BANCORP, INC. (TBBK), CLICK HERE BEFORE MAY 16, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between January 25, 2024 and March 4, 2025, Defendants failed to disclose to investors: (1) that Bancorp had underrepresented the significant risk of default or loss on its REBL loan portfolio; (2) that the Company's current expected credit loss methodology was insufficient to account for the provision and/or allowance of credit losses; (3) that, as a result of the foregoing, the Company was reasonably likely to increase its provision for credit losses; (4) that there were material weakness in its internal control over financial reporting; (5) that its financial statements had not been approved by its independent auditor; (6) that, as a result of the foregoing, the Company's financial statements could not be relied upon; and (7) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
More on The Californer
- The Westport Hosts Landmark Fundraiser for Positive Educational Partnerships (PEP)
- The Westport Event Venue Praises Sigma Kappa for Exemplary Community Event
- L2 Aviation Earns FAA STC for Thales AVIATOR 200S for Boeing 777
- Bay Area Real Estate Firm Sell Quick California
- Rapifai and GeneSys Partner to Accelerate ADAS Verification with AI-Driven Intelligence and ground Truth Sensor Integration
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
More on The Californer
- Ventura College Tutoring Center Earns National Certification for Tutor Training Excellence
- Carrington College Partners with Career Team to Enhance Career Services Through AI-Enabled Platform
- Long Beach: City to Host TGI2S+ Career and Resource Fair
- FinIQ Edu Launches High-Impact Workshop Vertical to Close the Workplace Benefits Gap—Drives 82% Surge in 401(k) Participation Intent
- HousingWire launches Mortgage Rankings, bringing a data-driven benchmark to originator performance
Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz,
Telephone: 310-914-5007
Email: [email protected]
Visit our website at: www.frankcruzlaw.com
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
Filed Under: Business
0 Comments
Latest on The Californer
- PandaGuarantee Launches Rent Guarantor Service in New York City
- California: As Trump rolls back protections, Governor Newsom signs first-of-its-kind executive order to strengthen AI protections and responsible use
- The $112M Marketing Lesson Joe Whyte Learned: Why 'More Traffic' Is the Biggest Lie in Digital Marketing
- City Demolishes Abandoned Nuisance Buildings to Improve Safety in North Long Beach
- Daniel Kaufman Expands Kaufman & Company Real Estate Platform With New Acquisitions, AI-Driven Industrial Development and Nationwide Growth Initiative
- Alten Construction breaks ground on Richmond Main Library
- Glossa Launches Client Portal, Completing End-to-End Requirements Management for SIs
- City of Long Beach Now Accepting Nominations for Third Annual of Veterans Banner Program
- purelyIV Launches Lab Testing Services in Metro Detroit
- Ukes4Peace Grassroots Movement Brings Community Together Through Music
- California: Governor Newsom proclaims Welcome Home Vietnam Veterans Day 2026
- On the 296th Anniversary of the Ceremony That Made His Ancestor Emperor, a Cherokee Descendant Publishes the Novel That Restores Him
- Appellation St. Helena's 13th Annual bASH Event a Spectacular Display of Wine and Culinary Talent
- PJHM Architects Earns CASH/AIA CA Award of Merit for Design of Corral Hollow Elementary School
- NRx Pharmaceuticals Could Be on the Verge of a Breakout Year as AI, FDA Catalysts, and Mental Health Demand Converge
- DC Accounting Firm Offers Free Business CRM to Small Business Clients Alongside Weekly Bookkeeping Model
- CCHR: Psychiatric Drugs Fuel Rising Death Toll: National Adverse Drug Event Awareness Day Confronts America's Medication Crisis
- Explosive $10 Billion Counter-Drone Market with AI-Powered Defense Ecosystem: ZenaTech, Inc. (N A S D A Q: ZENA)
- High-Value Execution Phase Begins: Bitcoin Bancorp Ignites Texas Rollout of Digital Asset ATM Network: Bitcoin Bancorp (Stock Symbol: BCBC) $BCBC
- Water Heater Repair Los Angeles for Homes & Businesses