TBBK Investors Have Opportunity to Lead The Bancorp, Inc. Securities Fraud Lawsuit with the Schall Law Firm
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The Schall Law Firm has announced a class action lawsuit against The Bancorp, Inc. (TBBK) alleging securities fraud. The lawsuit claims the company made false and misleading statements about its commercial real estate bridge lending portfolio, underrepresenting potential credit loss risks and failing to secure independent auditor approval for financial statements. Investors who purchased TBBK securities between January 25, 2024, and March 4, 2025, are encouraged to join the lawsuit before May 16, 2025.
March 25, 2025 | 1:45 pm
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The Bancorp is confronting a class action lawsuit alleging material misrepresentations in its financial reporting, specifically related to credit loss provisions and control weaknesses in its commercial real estate bridge lending portfolio.
The lawsuit alleges significant financial reporting irregularities that could damage investor trust, potentially leading to stock price decline. Key concerns include underrepresented credit loss risks and lack of auditor approval for financial statements.
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