RADNOR, Pa., Nov. 17, 2015 /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP reminds BofI Holding, Inc. (Nasdaq: BOFI) ("BofI" or the "Company") shareholders that a class action lawsuit has been filed against the Company on behalf of purchasers of the Company's securities between September 4, 2013 and October 13, 2015, inclusive (the "Class Period"). For additional information about this lawsuit, or to request information about this action online, please visit http://www.ktmc.com/new-cases/bofi-holding-inc.
Important Shareholder Reminder: BofI shareholders who purchased their securities during the Class Period are reminded that they may, no later than December 14, 2015, petition the Court to be appointed as a lead plaintiff of the class.
BofI shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or at firstname.lastname@example.org.
As detailed more fully in the Complaint, on October 13, 2015, The New York Times reported that Matt Erhart ("Erhart"), a former internal auditor at Bank of Internet, filed a lawsuit against the Company alleging that it violated federal laws designed to protect whistleblowers (the "Erhart Complaint"). The Erhart Complaint alleged, among other things, that (i) Bank of Internet's borrowers "included foreign nationals who should have been off-limits under the federal anti-money-laundering laws," (ii) Bank of Internet "at times failed to provide full and timely information to regulators," and (iii) Erhart "was fired after he revealed wrongdoing at Bank of Internet to management and regulators."
On this news, shares of BofI's common stock declined $42.87 per share, or 30.2%, to close on October 14, 2015 at $99.13 per share, on heavy trading volume.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or (610) 667 – 7706, or via e-mail at email@example.com
BofI shareholders who purchased their securities during the Class Period are reminded that they may, no later than December 14, 2015, petition the Court to be appointed as a lead plaintiff of the class.
A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported 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.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.
CONTACT: Kessler Topaz Meltzer & Check, LLP Darren J. Check, Esq. D. Seamus Kaskela, Esq. Adrienne O. Bell, Esq. 280 King of Prussia Road Radnor, PA 19087 (888) 299 – 7706 (610) 667 – 7706 firstname.lastname@example.org
SOURCE Kessler Topaz Meltzer & Check, LLP