Cases
OneMain Holdings, Inc. (NYSE: OMF)
Securities Class Action
Overview
Overview
- Date:
- 2/27/2017
- Company Name:
- OneMain Holdings, Inc.
- Stock Symbol:
- OMF
- Class Period:
- FROM 2/25/2015 TO 11/7/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, February 27, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired OneMain Holdings, Inc. (NYSE: OMF) securities between February 25, 2015 and November 7, 2016 (the “Class Period”). Investors have until March 20, 2017, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s projected net income as a result of the combination of OneMain Financial Holdings, LLC, with Springleaf Holdings, Inc., and the synergies that would be achieved by the combined company.
On November 7, 2016, the Company announced unsatisfactory third-quarter results and disclosed that it was lowering guidance for the full-year 2016 and 2017. Following this news, OneMain shares declined $10.67 per share, or 38.7%, on November 8, 2016, to close at $16.90.
If you purchased or otherwise acquired OneMain securities during the Class Period and suffered losses in excess of $100,000 or continue to hold shares purchased prior to the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s projected net income as a result of the combination of OneMain Financial Holdings, LLC, with Springleaf Holdings, Inc., and the synergies that would be achieved by the combined company.
On November 7, 2016, the Company announced unsatisfactory third-quarter results and disclosed that it was lowering guidance for the full-year 2016 and 2017. Following this news, OneMain shares declined $10.67 per share, or 38.7%, on November 8, 2016, to close at $16.90.
If you purchased or otherwise acquired OneMain securities during the Class Period and suffered losses in excess of $100,000 or continue to hold shares purchased prior to the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.