Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against BofI Holding, Inc.

Glancy Prongay & Murray LLP (“GPM”) reminds investors that a class action complaint has been filed on behalf of a class of BofI Holding, Inc. (“BofI” or the “Company”) (NASDAQ: BOFI) investors who purchased shares between September 4, 2013 and October 13, 2015, inclusive (the “Class Period”). BofI investors have until December 14, 2015 to file a lead plaintiff motion. Investors are encouraged to contact GPM to discuss their legal rights.

On October 13, 2015, the New York Times reported that one of BofI’s former auditors sued the Company after being fired for “revealing what he believed to be wrongdoing at the bank to federal regulators and management at Bank of Internet,” including allegations that BofI failed to maintain adequate internal controls and underwriting standards. On this news, BofI shares fell $42.87, or more than 30%, to close at $99.13 per share on October 14, 2015.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the complaint alleges that: (i) the Company’s internal controls were frequently disregarded; (ii) Bank of Internet’s borrowers included foreign nationals who should have been off limits under federal anti-money-laundering laws; (iii) many Bank of Internet accounts lacked required tax identification numbers; (iv) Bank of Internet fired an internal auditor who raised the foregoing issues to management and to federal regulators; and (v) as a result of the above, the Company’s statements regarding its internal controls and other financial statements were materially false and misleading at all relevant times.

If you purchased shares of Amicus during the Class Period you may move the Court no later than December 14, 2015 to request appointment as lead plaintiff. If you purchased Amicus securities during the Class Period, or if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.