Kirby McInerney LLP Announces That a Class Action Lawsuit Has Been Filed Against BofI Holding, Inc. (BOFI) & Encourages Inves...
May 24 2017 - 12:15PM
Business Wire
Kirby McInerney LLP announces that a class action lawsuit has
been filed in the U.S. District Court for the Southern District of
California on behalf of all persons or entities who purchased or
otherwise acquired BofI Holding, Inc. (BOFI) securities between
April 28, 2016 and March 30, 2017 (the “Class Period”). Investors
have until June 2, 2017 to apply to the Court to be appointed as
lead plaintiff in the lawsuit.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements and/or failed to
disclose that: (i) BofI was engaged in unlawful conduct; (ii) when
the misconduct became known, it would subject the Company to
heightened regulatory scrutiny and potential criminal sanctions;
and (iii) as a result, BofI’s public statements were materially
false and misleading throughout the Class Period.
On March 31, 2017, the New York Post reported that “[f]ederal
agents are conducting a probe into possible money laundering at
online lender Bank of Internet.” According to the article, the U.S.
Securities and Exchange Commission and the Treasury Department are
also involved, and the probe is centered on regulatory filings made
by BofI to the Office of the Comptroller of the Currency.
Following this news, BofI shares fell $1.45 per share, or over
5.25%, to close at $26.13 on March 31, 2017.
If you purchased or otherwise acquired BofI securities during
the Class Period and suffered a loss or continue to hold shares
purchased prior to the Class Period, have information, would like
to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Thomas W. Elrod, Esq., by email at
telrod@kmllp.com, or telephone at (212) 371-6600, or by filling out
this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, whistleblower, antitrust and consumer
litigation. Kirby McInerney’s efforts on behalf of shareholders
have resulted in recoveries totaling billions of dollars.
Additional information about the firm or the claims against BofI
can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170524005936/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600telrod@kmllp.com
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