SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against The Bancorp, Inc. & Its Board of Directors...
04 September 2014 - 6:16AM
Business Wire
Levi & Korsinsky announces that a class
action lawsuit has been commenced in the United States District
Court for the District of Delaware on behalf of investors who
purchased The Bancorp, Inc. (“The Bancorp” or the “Company”)
(NasdaqGS:TBBK) common stock between April 24, 2013 and June 10,
2014.
For more information, click here:
http://zlk.9nl.com/the-bancorp-tbbk.
The complaint alleges that throughout the Class Period
defendants issued false and misleading statements and/or failed to
disclose that: (a) the Company had under-reserved for loan losses
due to adverse loans; (b) The Bancorp’s operations and credit
practices were in violation of the Bank Secrecy Act (“BSA”); and
(c) as a result of the above, the Company’s financial statements
were materially false and misleading at all relevant times.
On June 10, 2014 the Company filed a Form 8-K acknowledging it
had entered into a Stipulation and Consent to the Issuance of a
Consent Order with the FDIC. The 8-K further noted that the Consent
Order requires The Bancorp take “certain affirmative actions to
comply with its BSA obligations…”
If you suffered a loss in The Bancorp you have until September
16, 2014 to request that the Court appoint you as lead plaintiff.
Your ability to share in any recovery doesn’t require that you
serve as a lead plaintiff. To obtain additional information,
contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/the-bancorp-tbbk.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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