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AX.US
Claim deadline for this case already passed by, but we can still try and file for compensation for you
S.D. California
Court
04 Sept 2013
Class period Start
13 Oct 2015
Class period End
07 Nov 2022
Claim deadline
In re BofI Holding, Inc. Securities Litigation.

Axos agreed to pay $14.1 million to settle a securities class action lawsuit accusing the Company of deceiving investors about business, operations and compliance policies.

The Complaint alleged that throughout the Class Period, the Company made false and misleading statements or failed to disclose that:
  • the Company’s internal controls were frequently disregarded;
  • Bank of Internet’s borrowers included foreign nationals who should have been off-limits under federal anti-money-laundering laws;
  • many Bank of Internet accounts lacked required tax identification numbers;
  • Bank of Internet fired an internal auditor who raised the foregoing issues to management and to federal regulators;
After several years of court proceedings, Axos agreed to settle with investors to avoid further litigation.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Houston Municipal Employees Pension System
Attorneys
Lieff Cabraser Heimann & Bernstein, LLP
Judge
Hon. Gonzalo P. Curiel
Administrator
JND Legal Administration
Court hearing date
07 October 2022
+$14,100,000
Total Settlement Amount
Created by Stan Vick, Scout

Axos Financial Inc

Axos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Busines...

    Ticker
    AX.US
    ISIN
    US05465C1009
    CIK
    1299709
    Sector
    Financial Services
    Industry
    Banks - Regional
    Country
    USA
    Address
    9205 West Russell Road, Las Vegas, NV, United States, 89148