Investor Alert: The Bancorp, Inc. Investors Urged to Seek Counsel Before Critical Deadline in Securities Litigation

Saturday 22nd of March 2025 12:49:00

ROSEN A LEADING INVESTOR RIGHTS LAW FIRM ENCOURAGES THE BANCORP, INC. INVESTORS TO SECURE COUNSEL BEFORE THE MARCH 31, 2023 DEADLINE IN THE SECURITIES CLASS ACTION LAWSUIT

New York, NY - (March 23, 2023) - Rosen Law Firm, a global investor rights law firm, reminds purchasers of The Bancorp, Inc. (NASDAQ: BNCL) securities between December 14, 2021 and February 24, 2023, inclusive, of the important March 31, 2023 lead plaintiff deadline in the securities class action lawsuit filed by the firm.

The lawsuit alleges that The Bancorp, Inc. and certain of its officers and directors made false and misleading statements to the public and investors during the class period. On February 24, 2023, the Company announced that it would be acquiring a controlling interest in a financial technology company, which caused the Company's stock price to decline significantly.

According to the lawsuit, defendants failed to disclose material adverse facts about the proposed acquisition, including the fact that the target company had a significant amount of debt and that the acquisition was not as financially beneficial as represented. As a result, the Company's stock price declined significantly, causing investors to suffer substantial losses.

A class action lawsuit has been filed in the United States District Court for the Southern District of New York. The lawsuit seeks to recover damages on behalf of all The Bancorp, Inc. investors who purchased or acquired securities during the class period. The class action lawsuit is brought on behalf of all persons and entities that purchased or acquired The Bancorp, Inc. securities between December 14, 2021 and February 24, 2023, inclusive.

The Rosen Law Firm encourages any investor who purchased or acquired The Bancorp, Inc. securities during the class period to contact the firm's attorneys to secure counsel and potentially participate in the lawsuit. The deadline to file the lead plaintiff motion is March 31, 2023.

If you wish to serve as the lead plaintiff, you must file a motion by March 31, 2023. A lead plaintiff is a representative party that acts on behalf of all parties involved in the lawsuit. The Rosen Law Firm represents investors worldwide and specializes in securities litigation and arbitration.

For more information about the lawsuit, please contact:

Rosen Law Firm James Shepherd, Esq. james@rosenlegal.com 212-395-9704