A lawsuit was filed on behalf of investors in Santander Consumer USA Holdings Inc (NYSE:SC) shares over alleged securities laws violations. Deadline: October 27, 2014. NYSE:SC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 09/02/2014 --An investor, who purchased shares of Santander Consumer USA Holdings Inc (NYSE:SC), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Santander Consumer USA Holdings Incin connection with certain allegedly false and misleading statements made in connection with the Company’s Initial Public Offering on January 23, 2014.

Investors who purchased shares of Santander Consumer USA Holdings Inc(NYSE:SC) have certain options and for certain investors are short and strict deadlines running. Deadline: October 27, 2014. NYSE:SC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired the common stock of Santander Consumer USA Holdings Inc(NYSE:S) pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Company’s IPO on January 23, 2014, that the defendants violated Federal Securities Laws.

NYSE:SC shares reached $25.90 per share on March 3, 2014. On March 6, 2014, Santander Consumer USA Holdings Inc reported that its annual Total Revenue rose from over $3.24 billion in 2012 to over $4.1 billion in 2013 while its respective Net Income declined from $715 million to $697.49 million. Since then NYSE:SC shares lost substantial value.

On August 7, 2014, after the close of trading, Santander Consumer USA Holdings Inc disclosed in in a quarterly filing that it had received a civil subpoena from the United States Department of Justice under the Financial Institutions Reform, Recovery and Enforcement Act (“FIRREA”) requesting the production of documents and communications related to the Company’s underwriting and securitization of nonprime auto loans since 2007.

NYSE:SC shares declined from almost $26 per share in March 2014 to as low as $17.41 per share on August 14, 2014.

On August 29, 2014, NYSE:SC shares closed at $18.62 per share.

Those who purchased shares of Santander Consumer USA Holdings Inc (NYSE:SC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com