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BofI Beats Investor Suit Over Gov't Probes, Loan Practices

Law360 (June 19, 2018, 10:22 PM EDT) -- A California federal judge has thrown out a securities fraud suit accusing BofI Holding Inc. of failing to disclose that it was allegedly involved in lending to criminals and under investigation by federal authorities, ruling Tuesday that the proposed class action suffered from key shortcomings but did not warrant sanctions.

BofI, the parent company to online bank BofI Federal Bank, had slammed the suit in an April dismissal bid, calling the case a “copy-cat securities class action” that repeats errors of a similar securities fraud suit...
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Case Information

Case Title

Mandalevy v. BofI Holding, Inc. et al

Case Number



California Southern

Nature of Suit



Gonzalo P. Curiel

Date Filed

April 3, 2017

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