NEW YORK, April 4, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against BofI Holding, Inc. ("BofI" or the "Company") (NASDAQ: BOFI) and certain of its officers, on behalf of shareholders who purchased BofI securities between April 28, 2016 and March 30, 2017, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/bofi.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) BofI was engaged in unlawful conduct; (2) the abovementioned conduct, when it became known, would subject BofI to heightened regulatory scrutiny and potential criminal sanctions; and (3) consequently, BofI's public statements were materially false and misleading at all relevant times.
On March 31, 2017, pre-market, the New York Post published an article stating in part that "federal agents are conducting a probe into possible money laundering at online lender Bank of Internet," and that the Securities and Exchange Commission and the Treasury Department are also involved and focusing the investigation on regulatory filings made by BofI to the Office of the Comptroller of the Currency. Following this news, BofI stock dropped $1.45 per share or 5.26%, to close at $26.13 on March 31, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/bofi or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in BofI you have until June 2, 2017 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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