Welcome to the Bancorp Inc. Securities Litigation Website
On December 15, 2016, the Court granted final approval of the Settlement of this Action reached by the Court-appointed Lead Plaintiffs, Arkansas Teacher Retirement System and Arkansas Public Employees Retirement System, on behalf of themselves and the other members of the Settlement Class (defined below), with Defendants The Bancorp, Inc. (“Bancorp”), Betsy Z. Cohen, Paul Frenkiel, Frank M. Mastrangelo, and Jeremy Kuiper. The Settlement provides for a cash payment of $17,500,000 and the implementation of certain corporate governance reforms by Bancorp, and resolves all claims asserted in the Action.
If you are a member of the Settlement Class, your legal rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
all persons or entities who purchased or otherwise acquired Bancorp common stock during the period from January 26, 2011 through June 26, 2015, inclusive, and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 26 of the Notice).
Payments to eligible claimants will be made after the completion of all claims processing. Please be patient, as this process will take some time to complete.
|January 13, 2017||Claim Filing Deadline. Claim Forms, together with supporting documentation, must be postmarked no later than January 13, 2017 to be eligible for a payment from the Settlement.|