NEW YORK, Nov. 05, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of BofI Holding, Inc. (“BofI Holding”) (Nasdaq:BOFI) between September 4, 2013 and October 13, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of California. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
According to the complaint, 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) and BofI fired an internal auditor who raised these issues to management and to federal regulators.
On October 13, 2015, a former internal auditor of Bank of Internet filed a federal lawsuit alleging that he was fired after revealing wrongdoing at the bank to management and federal regulators. As a result of this news, shares of BofI have fallen from a close of $142.54 per share on October 12, 2015, to a recent close of just $118.36 per share on October 15, 2015.
If you suffered a loss in BofI Holding you have until December 14, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
Source:Levi & Korsinsky, LLP