BENSALEM, Pa. -- (Business Wire)
Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors who purchased BofI Holding, Inc.
(“BofI Holding” or the “Company”) (NASDAQ: BOFI)
securities between April 28, 2016 and March 30, 2017, inclusive
(the “Class Period”). BofI Holding investors have until June 2,
2017 to file a lead plaintiff motion.
Investors suffering losses on their BofI Holding investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On March 31, 2017, the New York Post issued a report claiming that
"federal agents are conducting a probe into possible money laundering at
online lender Bank of Internet." The report mentioned that both the
Securities and Exchange Commission and Treasury Department are involved
in the investigation, which revolves around regulatory filings submitted
by BofI to the Office of the Comptroller of the Currency. On this news,
BofI shares fell more than 5% on March 31, 2017.
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made false and/or misleading statements and/or
failed to disclose that: (1) BofI was engaged in unlawful conduct; (2)
the abovementioned conduct, when it became known, would subject BofI to
heightened regulatory scrutiny and potential criminal sanctions; and (3)
consequently, BofI's public statements were materially false and
misleading at all relevant times.
If you purchased shares of BofI Holding during the Class Period you may
move the Court no later than June 2, 2017 to ask the Court
to appoint you as lead plaintiff if you meet certain legal requirements.
To be a member of the Class you need not take any action at this time;
you may retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this action,
or if you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170516006490/en/
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith
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