INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against The Bancorp, Inc.
LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP reminds investors of The Bancorp, Inc. ("Bancorp" or the "Company") (NASDAQ:TBBK) that all purchasers of Bancorp securities between April 24, 2013 and June 10, 2014 (the “Class Period”) have until September 16, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
Bancorp operates as the financial holding company for its wholly owned subsidiary, The Bancorp Bank, which provides commercial and retail banking products and services to small and mid-size businesses in the United States. The Complaint alleges that defendants made false and/or misleading statements or failed to disclose that the Company had under-reserved for loan losses due to adverse loans, that Bancorp's operations and credit practices were in violation of the Bank Secrecy Act, and that the Company's financial statements were materially false and misleading at all relevant times.
If you are a member of the Class described above, you may move the Court no later than September 16, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by toll-free telephone at (888) 773-9224 or by telephone at (310) 201-9150, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.