Securities Fraud Litigation

Ninth Circuit Court Reverses Dismissal of Bank of Internet (BofI) Securities Fraud Class Action

The Ninth Circuit Court of Appeals has reversed the District Court’s dismissal of the securities fraud class action lawsuit against BofI Federal Bank after finding that a related whistleblower suit and accounts by numerous other former employees, adequately pleaded fraud and scienter on the part of the Bank and its CEO.

The Intercept: Will Shareholders Lose the Right to Sue Over Corporate Fraud?

In partnership with the Investigative Fund, The Intercept has published a powerful piece calling attention to proposed changes to the securities laws that may keep shareholders from being able to sue corporations that violate the law to shareholders’ detriment. The right to a trial may be replaced with mandatory arbitration agreements that will shunt shareholder

Ninth Circuit Court Reverses Dismissal of Bank of Internet (BofI) Securities Fraud Class Action

The Intercept: Will Shareholders Lose the Right to Sue Over Corporate Fraud?

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