Scott+Scott, Attorneys at Law, LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against BofI Holding, Inc. (BOFI)

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NEW YORK--(BUSINESS WIRE)--

Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), reminds investors that they have until December 14, 2015 to file lead plaintiff applications in a securities class action lawsuit against BofI Holding, Inc. ("BofI" or the "Company") BOFI if they purchased BofI shares between September 4, 2013 through October 13, 2015 inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of California. If you are a BofI shareholder, you are encouraged to contact Scott+Scott for additional information.

BofI operates as the holding company for Bank of Internet Federal Bank ("BofI Federal Bank"), a provider of consumer and business banking products through the Internet in the United States. BofI Federal Bank's deposit products include consumer and business checking, demand, savings, and time deposit accounts.

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, shares of BofI fell $42.87, or 30.2%, to close at $99.13 on October 14, 2015.

What You Can Do

If you are a BofI shareholder and wish to serve as a lead plaintiff in the class action, you must move the Court no later than December 14, 2015. Any member of the class may move the Court to serve as lead plaintiff through counsel of its choice or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact attorney Joseph V. Halloran at (800) 404-7770 or (646) 582-0121 or at jhalloran@scott-scott.com.

About Scott+Scott, Attorneys at Law, LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.

Scott+Scott, Attorneys at Law, LLP
Joseph V. Halloran, 646-582-0121
jhalloran@scott-scott.com

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Posted In: Press Releases
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