SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

October 19, 2015 12:30 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of BofI Holding, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of December 14, 2015 -- BOFI

NEW YORK, NY--(Marketwired - Oct 19, 2015) - 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 United States District Court for the Southern District of California. If you purchased or otherwise acquired securities of BofI Holding between September 4, 2013 and October 13, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/bofi-holding

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com 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) BofI fired an internal auditor who raised these issues to management and to federal regulators; and (5) as a result of the above, BofI's statements regarding its internal controls and other financial statements were materially false and misleading at all relevant times.

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 Information

  • 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