The Bancorp, Inc. (TBBK) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
The Californer/10311527

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

• Glossa Launches Slack Integration to Capture Requirements Where Teams Work
• PowerTribe Releases New Heavy Metal Single "The Earthlings Have Died"
• California: Following LA fires, Governor Newsom extends key provision to fast‑track wildfire safety window, protecting more communities across the state
• Australian Soulstress NARDIA returns to the U.S. for her January 2026 Tour
• California advances Jobs First agenda, expands career pathways and worker protections statewide

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

• EDCAPIT Reports 2025 Results: From Zero to a Global AI-Powered EdTech Platform
• HIGHTITAN Trading Center Optimizes Server Architecture and Load Management
• Mystery Enterprises Completes Testing Phase for Four Fully Automated Murder Mystery Games
• Lacy Hendricks Earns Prestigious MPM® Designation from NARPM®
• Governor Newsom prepositions emergency resources in Southern California ahead of New Year's Storm

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

---

Show All News | Report Violation