Securities & Investment Fraud

BofI Holding, Inc. Securities Class Litigation

Lieff Cabraser serves as lead counsel for court-appointed lead plaintiff, Houston Municipal Employees Pension System (“HMEPS”), in this securities fraud class action against BofI Holding, Inc. and certain of its senior officers. The action charges defendants with issuing materially false and misleading statements and failing to disclose material adverse facts about BofI’s business, operations, and performance.

The court dismissed plaintiff’s third amended complaint, in a ruling which HMEPS has appealed to the Ninth Circuit Court of Appeals. The Court heard oral argument in January 2020 and has not yet issued a ruling.

The case on appeal is Houston Municipal Employees Pension System v. BofI Holding, Inc., et al., Case No. 18-55415 (9th Cir.)