NEW YORK, April 10, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in BofI Holding, Inc.("BofI Holding" or the "Company") (NASDAQ: BOFI) of the June 2, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Southern District of California on behalf of all those who purchased BofI Holding securities between April 28, 2016 and March 30, 2017 (the "Class Period"). The case, Mandalevy v. BOFI Holding, Inc. et al, No. 3:17-cv-6667 was filed on April 3, 2017, and has been assigned to Judge Larry Alan Burns.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) BofI Holding was engaged in unlawful conduct; (ii) when the aforementioned conduct became known, it would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and (iii) as a result, the Company's public statements were materially false and misleading.
Specifically, pre-market on March 31, 2017, the New York Post released an article disclosing that the Company was the subject of a probe relating to possible money laundering. The article states that the probe is being led by the Justice Department and also involves the Securities and Exchange Commission and the Treasury Department.
On this news, BofI Holding's share price fell from $27.58 per share on March 30, 2017 to a closing price of $26.13 on March 31, 2017”a $1.45 or a 5.26% drop.
Request more information now by clicking here: www.faruqilaw.com/BOFI. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
Faruqi & Faruqi, LLP also encourages anyone with information regarding BOFI Holding's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP