Holzer & Holzer, LLC announces that a class action lawsuit has been
filed in the United States District Court for the District of Delaware
on behalf of investors who purchased The Bancorp, Inc. (“Bancorp” or the
“Company”) (NASDAQ: TBBK) securities between April 24, 2013 and June 10,
2014. The complaint alleges that during the relevant time period,
Bancorp issued false and misleading statements which allegedly failed to
disclose that: 1) it under-reserved for loan losses; and 2) it was
operating in violation of the Bank Secrecy Act. On April 23, 2014,
Bancorp announced that its quarterly results were negatively impacted by
additional loan loss provisions related to “newly identified adversely
classified loans.” On June 10, 2014, Bancorp announced that it had
entered into an agreement with the FDIC to address weaknesses in the
Company’s Bank Secrecy Act Compliance Program. The price of Bancorp
stock fell dramatically following both announcements.
If you purchased TBBK securities between April 24, 2013 and June 10,
2014 and are interested in your legal rights, you are encouraged to
contact Marshall P. Dees, Esq. via email at email@example.com,
or via toll-free telephone at (888) 508-6832. There is a deadline of
September 16, 2014 for interested investors to ask the court to be
appointed as lead plaintiff for the case.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its
practice to vigorous representation of shareholders and investors in
litigation nationwide, including shareholder class action and derivative
litigation. More information about the firm is available through its
and upon request from the firm. Holzer & Holzer, LLC has paid for the
dissemination of this promotional communication, and Corey D. Holzer is
the attorney responsible for its content.
Holzer & Holzer, LLC
Marshall P. Dees, Esq.
Source: Holzer & Holzer, LLC