BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased OneMain Holdings, Inc. (“OneMain” or the “Company”) (NYSE: OMF) securities between March 3, 2015 and November 7, 2016, inclusive (the “Class Period”). OneMain investors have until March 20, 2017 to file a lead plaintiff motion.
Investors suffering losses on their OneMain investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
OneMain, through its subsidiaries, provides consumer finance and insurance products and services. The Company has historically focused on providing credit to subprime borrowers, and as a result spends considerable amounts of time and effort on its collection practices.
According to the lawsuit, defendants throughout issued materially misleading representations and/or omit material information regarding the projected net income to be achieved by the combination of OneMain Financial with Springleaf and the purported synergies achieved by the combined company. When the poor performance of the business combination entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares of OneMain during the Class Period you may move the Court no later than March 20, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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