SAN FRANCISCO--(BUSINESS WIRE)--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.
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