DENVER--(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.