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INVESTOR ALERT: Holzer & Holzer Announces Class Action Filed on Behalf of Investors in the Bancorp Inc.ATLANTA --(Business Wire)-- 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 announcedthat 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 protected], 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 website, www.holzerlaw.com 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. |
