The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds
investors of the upcoming deadline to move for appointment as lead
plaintiff in securities
class litigation brought on behalf of investors who purchased or
otherwise acquired the securities of BofI Holding, Inc. (“BofI” or
the “Company”) (NasdaqGS: BOFI) between September 4, 2013 through
October 13, 2015, inclusive (the “Class Period”).
If you purchased or otherwise acquired BofI securities during the Class
Period, you may move the Court for appointment as lead plaintiff by no
later than December 14, 2015. A lead plaintiff is a representative party
who acts on behalf of other class members in directing the litigation.
Your share of any recovery in the action will not be affected by your
decision of whether to seek appointment as lead plaintiff. You may
retain Lieff Cabraser, or other attorneys, as your counsel in the action.
BofI
investors who wish to learn more about the action and how to seek
appointment as lead plaintiff should click here or contact Sharon M.
Lee of Lieff Cabraser toll-free at 1-800-541-7358.
BofI operates as the holding company for BofI Federal Bank (d/b/a “Bank
of Internet”), a provider of consumer and business banking products,
including mortgages to high-net-worth individuals with poor credit.
The action alleges that throughout the Class Period, defendants
misrepresented and failed to disclose that: (i) the Company’s internal
controls were frequently disregarded; (ii) Bank of Internet made loans
to foreign nationals and criminals in violation of the Bank Secrecy Act;
(iii) many Bank of Internet accounts lacked required tax identification
numbers; and (iv) BofI fired an internal auditor who raised the
foregoing issues to the Company’s management and to federal regulators.
On October 13, 2015, The New York Times reported that a former
internal auditor at BofI had filed a whistleblower lawsuit against BofI
for violating federal laws designed to protect whistleblowers and
alleging widespread misconduct at the Company. On this news, the price
of BofI shares fell $42.87 per share, or 30.19%, to close at $99.13 per
share on October 14, 2015.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP is a nationally recognized law
firm committed to advancing investor rights and promoting corporate
responsibility.
For twelve years, the National Law Journal has selected Lieff
Cabraser as one of the top plaintiffs’ law firms in the nation. Best
Lawyers and U.S. News have also named Lieff Cabraser as a
“Law Firm of the Year” each year the publications have given this award
to law firms, including in 2015.
For more information about Lieff Cabraser and the firm’s representation
of investors, please visit http://www.lieffcabraser.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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