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Lawsuit for Investors in BofI Holding, Inc. (NASDAQ:BOFI) Shares Announced by Shareholders Foundation

SAN DIEGO, Oct. 19, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in the U.S. District Court for the Southern District of California on behalf of certain purchasers of shares of BofI Holding, Inc. (NASDAQ:BOFI) over alleged Securities Laws Violations by BofI Holding.

Investors who purchased shares of BofI Holding, Inc. (NASDAQ:BOFI) have certain options and for certain investors are short and strict deadlines running. Deadline: December 14, 2015. (NASDAQ:BOFI) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that defendants made certain allegedly false and/or misleading statements and/or allegedly failed to disclose that BofI Holding, Inc’s internal controls were frequently disregarded, that BofI Holding’s Federal Bank’s Bank of Internet USA’s borrowers included foreign nationals who should have been off-limits under federal anti-money-laundering laws, that many BofI Holding’s Federal Bank’s Bank of Internet USA accounts lacked required tax identification numbers, that BofI Holding’s Federal Bank’s Bank of Internet USA fired an internal auditor who raised the foregoing issues to management and to federal regulators, and that as a result of the above, the Company’s statements regarding its internal controls and other financial statements were materially false and misleading at all relevant times.

On October 14, 2015, it was reported that a federal lawsuit has been initiated against BofI Holding, Inc by its former auditor. According to the report, the former auditor claims he was fired after reporting alleged wrongdoing by BofI Holding, Inc to federal regulators.

Those who purchased (NASDAQ:BOFI) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108

Source:Shareholders Foundation, Inc.