NEW YORK--(BUSINESS WIRE)--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 J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the OneMain lawsuit, please go to www.bespc.com/OneMain. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.
