BofI Ruling May Erode Cos.' Securities Class Action Defenses

By Glenn Vanzura and Kevin Kelly (October 28, 2020, 5:48 PM EDT) -- On Oct. 8, the U.S. Court of Appeals for the Ninth Circuit reversed the dismissal of a securities fraud class action against San Diego-based BofI Holding Inc., now known as Axos Bank, in In re: BofI Holding Inc. Securities Litigation....

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