SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in BofI Holding, Inc. of Class Action Lawsuit and Upcoming Deadline - BOFI

NEW YORK, April 14, 2017

If you are a shareholder who purchased BofI securities between April 28, 2016 and March 30, 2017, both dates inclusive, you have until June 2, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

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BofI Holding, Inc. operates as the holding company for Bank of Internet USA.  The Bank provides consumer and business banking products in the United States.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) BofI was engaged in unlawful conduct; (ii) the foregoing conduct, when it became known, would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and (iii) as a result, BofI's public statements were materially false and misleading at all relevant times.

On March 31, 2017, pre-market, the New York Post published an article entitled "Feds probe Bank of Internet for possible money laundering," disclosing that the Company was the subject of a probe led by the Justice Department and involving the Securities and Exchange Commission and the Treasury Department.

On this news, BofI's share price fell $1.45 or 5.26%, to close at $26.13 on March 31, 2017.