Pomerantz Achieves Major Victory for BofI Investors

Pomerantz LLP won a major victory for investors when the Ninth Circuit Court of Appeals reversed, in part, the district court’s dismissal of a securities fraud class action against BofI Holding, Inc., now known as Axos Financial Inc., on loss causation grounds. BofI, short for Bank of Internet, operated as the holding company for BofI Federal Bank, now known as Axos Bank. Pomerantz is lead counsel in this litigation, in which it is alleged that BofI misled investors by misrepresenting and omitting material information in their public statements…