Energy News / Shareholders Foundation, Inc.

NYSE:OMF Shareholder Notice: Update in Lawsuit over Alleged Securities Laws Violation by OneMain Holdings Inc

Via: ReleaseWire

Updated 12:15 PM CST, Tue, March 05,2019

A lawsuit that was filed by certain investors in OneMain Holdings Inc (NYSE: OMF) is proceeding forward in the U.S. District Court of New York.

San Diego, CA -- (SBWIRE) -- 03/05/2019 -- The Shareholders Foundation announces that a lawsuit against OneMain Holdings Inc over alleged Securities Laws Violations that was filed on behalf of certain investors in shares of OneMain Holdings Inc (NYSE: OMF) is moving forward.

Investors who are current long term investors in OneMain Holdings Inc (NYSE: OMF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 17, 2017 a lawsuit was filed against OneMain Holdings Inc over alleged violations of Federal Securities Laws. According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that 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 June 13, 2017 an amended complaint was filed. On December 12, 2018, the judge denied defendants' motion to dismiss plaintiff's complaint, paving the way for litigation to proceed.

Those who purchased shares of OneMain Holdings Inc (NYSE: OMF) have certain options and should contact the Shareholders Foundation.

Contact:
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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseomf-shareholder-notice-update-in-lawsuit-over-alleged-securities-laws-violation-by-onemain-holdings-inc-1163456.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com