TBBK Announcement: Kessler Topaz Meltzer & Check, LLP Encourages The Bancorp, Inc. (TBBK) Investors to Contact the Firm About Securities Fraud Class Action Lawsuit
Portfolio Pulse from
Kessler Topaz Meltzer & Check, LLP has filed a securities class action lawsuit against The Bancorp, Inc. alleging multiple financial reporting and disclosure issues. The lawsuit covers the period from January 25, 2024, to March 4, 2025, and claims the company misrepresented risks in its real estate bridge loans portfolio, had insufficient credit loss methodology, and potentially had material weaknesses in financial reporting.
April 15, 2025 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The securities fraud lawsuit could potentially damage investor confidence in The Bancorp's financial reporting and risk management practices.
The lawsuit alleges significant issues with financial reporting, which could lead to decreased investor confidence, potential financial penalties, and stock price volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100