BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming June 2, 2017 deadline to file a lead plaintiff motion in the class action lawsuit filed on behalf of a class of investors who purchased or otherwise acquired 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.
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 BofI Holding securities, you may move the Court no later than June 2, 2017 to request appointment as lead plaintiff in the putative class action lawsuit. 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 action lawsuit. 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 this lawsuit, 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 firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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