Faruqi & Faruqi Encourages The Bancorp Investors to Join the Ongoing Class Action Suit with a Lead Plaintiff Deadline of May 16, 2025.
Faruqi & Faruqi Reminds The Bancorp Investors of the Pending Class Action Lawsuit with a Lead Plaintiff
NEW YORK, NY / ACCESSWIRE / April 25, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors of The Bancorp, Inc. ("Bancorp" or the "Company") of the pending class action lawsuit and the opportunity to lead the class.
The lawsuit, which is pending in the United States District Court for the District of Delaware, alleges that Bancorp and certain of its officers and directors made false and misleading statements to investors and the market, causing the Company's stock to trade at artificially inflated prices.
On February 11, 2022, Bancorp announced that it had received a notice from the Consumer Financial Protection Bureau ("CFPB") regarding potential violations of federal consumer financial laws. The Company's stock price plummeted over 20% in response to this news.
The lawsuit, which is captioned "Espinosa, et al. v. The Bancorp, Inc., et al.," Case No. 22-cv-00154, alleges that Bancorp's officers and directors made false and misleading statements about the Company's compliance with federal consumer financial laws, and that the Company had a culture of non-compliance, despite prior warnings from regulators.
The lawsuit seeks to recover compensation for investors who purchased Bancorp's common stock between August 2020 and February 2022, and who were injured as a result of the Company's alleged violations of federal consumer financial laws.
Investors who purchased Bancorp's common stock during the class period and suffered losses are encouraged to contact Faruqi & Faruqi, LLP to learn more about the lawsuit and the potential to lead the class.
About Faruqi & Faruqi, LLP Faruqi & Faruqi, LLP is a leading national securities law firm with extensive experience in the representation of investors in cases of securities fraud, shareholder derivative litigation, and whistleblower protection. The firm's attorneys have successfully prosecuted numerous high-profile cases against major corporations and financial institutions, resulting in significant monetary recoveries for investors and other victims of securities fraud.