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Houston Municipal Employees Pension System, et al v. BofI Holding, Inc., et al
Case Number:
3:15-cv-02324
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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October 14, 2022
Bofl Class Attys Get $3.5M Award From $14M Stock-Drop Deal
A California federal judge granted final approval Friday to a $14.1 million settlement between a class of investors and Bofl Federal Bank and awarded the class' lawyers $3.5 million in attorney fees, ending a suit that accused the bank of making false and misleading statements about its underwriting standards, internal controls and compliance that, once revealed, led to a 47% stock drop.
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April 15, 2022
Bofl Inks $14M Deal To End Class Action Over 47% Stock Drop
Bofl Federal Bank has agreed to pay a class of investors $14.1 million to end claims that it made false or misleading statements about its underwriting standards, system of internal controls, and compliance that, once revealed, led to a 47% stock drop, investors said in California federal court Friday.
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February 24, 2022
Bofl Investors To Settle Class Action Over Stock Drop
Investors who sued Bofl Federal Bank in 2015 have told a California federal judge that they've reached an agreement in principle to settle the class action suit over allegedly false or misleading statements the bank made about its underwriting standards and internal controls.
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August 24, 2021
Bofl Investors Win Cert. In Suit Following 47% Stock Drop
A California federal judge granted class certification Tuesday to a group of investors who sued Bofl Federal Bank in 2015 for allegedly making false or misleading statements about its underwriting standards, system of internal controls and compliance, leading to a stock drop of 47% when the alleged misrepresentations were revealed.
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March 16, 2018
BofI Gets Early Exit From Securities Class Action
A California federal judge on Thursday tentatively dismissed with prejudice the latest attempt by investors to sue the holding company of BofI Federal Bank for allegedly making false or misleading statements to the public, finding the investors still hadn't linked stock value losses to the alleged misrepresentations.