Legal Opinion

In re Bofi Holding, Inc.

District Court, S.D. California

Decided March 21, 2018No. Case No.: 3:15–cv–02324–GPC–KSCPublished

1Opinion of the Court

Hon. Gonzalo P. Curiel, United States District Judge

Before the Court is a motion to dismiss the Third Amended Class Action Complaint (the "TAC") filed by Defendants BofI Holding, Inc. ("BofI"), Gregory Garrabrants, Andrew J. Micheletti, Paul J. Grinberg, Nicholas A. Mosich, and James S. Argalas. (ECF No. 144.) The motion is fully briefed. For the reasons explained below, Lead Plaintiff has failed to allege with particularity essential elements of its securities fraud claims. The Court therefore GRANTS the motion to dismiss with prejudice.

I. Background

In this consolidated putative securities…

2Cases cited28 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  4. Moss v. U.S. Secret ServiceCourt of Appeals for the Ninth Circuit · 2009
  5. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005

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