NEW YORK, Aug. 25, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Delaware on behalf of investors who purchased The Bancorp, Inc. ("The Bancorp" or the "Company") (Nasdaq:TBBK) securities between April 24, 2013 and June 10, 2014.
Click here to learn about the case: http://docs.wongesq.com/TBBK-Info-Request-Form-360. There is no cost or obligation to you.
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 Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/TBBK-Info-Request-Form-360.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: firstname.lastname@example.orgSource:The Law Offices of Vincent Wong