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BofI Holding Inc (NASDAQ: BOFI) Investor Securities Class Action Lawsuit 04/03/2017

  • If you purchased shares of BofI Holding Inc (NASDAQ: BOFI), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
BofI Holding, Inc.
Security
NASDAQ: BOFI

Case Name
BofI Holding Shareholder Class Action Lawsuit 04/03/2017
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of California

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

January 22, 2021 - The Court of Appeal's mandate to dismiss the case took effect.

January 3, 2019 - A notice of appeal was filed.

December 7, 2018 - The court granted the defendants' motion to dismiss.

August 17, 2018 - A motion to dismiss the second amended complaint was filed.

July 10, 2018 - A second amended complaint was filed.

June 19, 2018 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

April 6, 2018 - A motion to dismiss the amended complaint was filed.

February 20, 2018 - An amended complaint was filed.

April 3, 2017 - An investor in shares of BofI Holding Inc (NASDAQ: BOFI) filed a lawsuit in the U.S. District Court for the Southern District of California over alleged violations of Federal Securities Laws by BofI Holding Inc in connection with certain allegedly false and misleading statements made between April 28, 2016 and March 30, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of BofI Holding Inc (NASDAQ: BOFI) common shares between April 28, 2016 and March 30, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 28, 2016 and March 30, 2017, the defendants made false and/or misleading statements and/or failed to disclose that BofI Holding Inc was engaged in unlawful conduct, that the foregoing conduct, when it became known, would subject the Company to heightened regulatory scrutiny and potential criminal sanctions;, and that as a result, BofI Holding Inc’s public statements were materially false and misleading at all relevant times.

On March 31, 2017, a report was issued claiming that federal agents are conducting a probe into possible money laundering at online lender Bank of Internet. The report mentions that both the Securities and Exchange Commission and Treasury Department are involved in the investigation, which revolves around regulatory filings submitted by BofI Holding Inc to the Office of the Comptroller of the Currency.