A lawsuit was filed on behalf of investors in OneMain Holdings Inc (NYSE:OMF) shares over alleged securities laws violations. Deadline: March 20, 2017. NYSE:OMF investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/25/2017 -- The Shareholders Foundation announced that an investor, who purchased shares of OneMain Holdings Inc filed a lawsuit in Indiana over alleged violations of Federal Securities Laws by OneMain Holdings Inc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of OneMain Holdings Inc (NYSE:OMF) have certain options and for certain investors are short and strict deadlines running. Deadline: March 20, 2017. NYSE:OMF investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of OneMain Holdings Inc (NYSE:OMF) common shares between March 3, 2015 and November 7, 2016, that the defendants violated Federal Securities Laws. The plaintiff claims that between March 3, 2015 and November 7, 2016 the defendants caused OneMain Holdings Inc to issue materially misleading statements and/or omit material information concerning the Company's business, operations and prospects following Springleaf Holdings, Inc.'s merger with OneMain Financial Holdings, LLC in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. In particular, the plaintiff alleges that defendants caused OneMain Holdings Inc to issue materially misleading representations and/or omit material information regarding the projected net income to be achieved by the Company following, and in large part due to, the combination of OneMain Financial with Springleaf and the purported synergies achieved by the combined company.
On November 7, 2016, OneMain Holdings Inc announced third quarter results and lowered its guidance for 2016 and 2017. Shares of OneMain Holdings Inc (NYSE:OMF) declined on November 9, 2016 to as low as $16.03 per share.
On November 15, 2016, NYSE:OMF shares closed at $20.85 per share.
Those who purchased shares of OneMain Holdings Inc have certain options and should contact the Shareholders Foundation.
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