Investigation announced for Long-Term Investors in shares of The Bancorp, Inc. (NASDAQ: TBBK) Long over potential Wrongdoing

An investigation was announced for long-term investors in shares of The Bancorp, Inc. (NASDAQ: TBBK) concerning potential breaches of fiduciary duties by certain directors of The Bancorp, Inc.

Investors who are current long term investors in The Bancorp, Inc. (NASDAQ: TBBK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: TBBK stocks follows a lawsuit filed against The Bancorp, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TBBK stocks, concerns whether certain The Bancorp, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Delaware the plaintiff alleges that, the Defendants failed to disclose to investors that Bancorp had underrepresented the significant risk of default or loss on its REBL loan portfolio, that the Company's current expected credit loss methodology was insufficient to account for the provision and/or allowance of credit losses, that, as a result, the Company was reasonably likely to increase its provision for credit losses, that there were material weakness in its internal control over financial reporting, that its financial statements had not been approved by its independent auditor, that, as a result of the foregoing, the Company's financial statements could not be relied upon, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of The Bancorp, Inc. (NASDAQ: TBBK) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.