NEW YORK, Nov. 19, 2015 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit has been filed on behalf of purchasers of BofI Holding, Inc. (NASDAQ:BOFI) securities during the period from September 4, 2013 through October 13, 2015, inclusive (the “Class Period”). The lawsuit seeks to recover damages for BofI Holding investors under the federal securities laws.
To join the BofI Holding class action, go to the firm’s website at http://www.rosenlegal.com/cases-751.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) BofI’s internal controls were frequently disregarded; (2) BofI’s borrowers included foreign nationals who should have been off-limits under federal anti-money-laundering laws; (3) many BofI accounts lacked required tax identification numbers; (4) BofI fired an internal auditor who raised these issues to management and to federal regulators; and (5) as a result of the above, BofI’s statements regarding its internal controls and other financial statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-751.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.