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Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against BofI Holding, Inc. (BOFI) and Encourages Investors with Losses to Contact the Firm


Bragar Eagel & Squire, P.C. 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 Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the BofI lawsuit, please go to www.bespc.com/bofiholding. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170404006423/en/