LOS ANGELES, April 21, 2017 /PRNewswire/ — Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against BofI Holding, Inc. (“BofI” or the “Company”) (Nasdaq: BOFI) concerning possible violations of federal securities laws between April 28, 2016 and March 30, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the June 2, 2017 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.
According to the Complaint, through the Class Period, BofI made false and/or misleading statements and/or failed to disclose that the Company was engaged in unlawful conduct which could subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and that as a result, BofI’s public statements were materially false and misleading at all relevant times. On March 31, 2017, the New York Post published an article disclosing that the Company was the subject of a probe for possible money laundering, led by the Justice Department and involving the Securities and Exchange Commission and the Treasury Department. When this information reached the public, shares of BofI dropped in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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SOURCE Lundin Law PC