An investor in NYSE:OMF shares filed a lawsuit over alleged Securities Laws violations by OneMain Holdings Inc.
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 firstname.lastname@example.org or call +1(858) 779 – 1554.
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.
OneMain Holdings Inc reported that its annual Total Revenue declined from over $2.81 billion in 2014 to over $2.19 billion in 2015 and that its Net Income of $504.64 million in 2014 declined to a Net loss of $242 million in 2015.
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 February 1, 2017, NYSE:OMF shares closed at $22.60 per share.
Those who purchased shares of OneMain Holdings Inc (NYSE:OMF) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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