Company Website:
http://kmllp.com
NEW YORK -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170524005936/en/
Contacts:
Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
telrod@kmllp.com
Source: Kirby McInerney LLP
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