NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating potential civil securities claims against The Bancorp Inc. (NASDAQ:TBBK) resulting from allegations that the Company may have made false and misleading disclosures concerning its operations, true financial condition, and prospects.
On June 10, 2014, Bancorp announced that its wholly owned subsidiary, The Bancorp Bank (“Bank”) entered into a Consent Order with the Federal Deposit Insurance Corporation. At issue were weaknesses in the company’s Bank Secrecy Act (“BSA”) Compliance Program.
The Consent Order requires the Bank to take certain affirmative actions to comply with its BSA obligations. It also restricts the Bank from certain activities in the interim. On this news, the price of Bancorp shares fell approximately 30% in intraday trading on June 11, 2014, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit on behalf of Bancorp investors. If you purchased Bancorp securities prior to June 11, 2014, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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