The Shuman Law Firm Investigates OneMain Holdings, Inc.
May 07 2019 - 5:02PM
Business Wire
The Shuman Law Firm announces that it is investigating potential
shareholder claims against certain officers and directors of
OneMain Holdings, Inc. (“OneMain” or the “Company”) (NYSE: OMF).
OneMain is a consumer finance and insurance company.
The Firm’s investigation relates to allegations found in a
lawsuit that OneMain violated federal securities laws in relation
to its merger with Springleaf Holdings, Inc. In particular, the
plaintiff alleges that the defendants misstated the purported
synergies achieved by the combined company. On November 7, 2016,
the Company announced concerns related to the merger integration,
disappointing third-quarter results and disclosed that it was
lowering guidance for full-year 2016 and 2017. OneMain’s stock fell
from $28.34 per share to a close of $16.90 per share (or more than
35%) following this news. The Company recently announced that it
had settled these federal securities claims for $9 million.
If you currently own OneMain common stock and are interested in
discussing your rights, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll
free at (866) 569-4531 or email Mr. Shuman at kip@shumanlawfirm.com
or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
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version on businesswire.com: https://www.businesswire.com/news/home/20190507006114/en/
THE SHUMAN LAW FIRMKip B. Shuman, Esq.Rusty E. Glenn, Esq.One
Montgomery Street, Ste. 1800San Francisco, CA 94104Tel:
866.569.4531Fax: 303.536.7849Email: kip@shumanlawfirm.comEmail:
rusty@shumanlawfirm.comWeb: www.shumanlawfirm.com
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