The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of Indiana on behalf of investors who purchased OneMain Holdings, Inc. (NYSE: OMF) securities between March 3, 2015 and November 7, 2016.
According to the complaint, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose material information regarding the projected net income for OneMain following, and as a result of, the combination of OneMain Financial with Springleaf and the purported synergies achieved by the combined company. The complaint alleges that following a November 7, 2016 press release announcing the Company’s third quarter results and a November 8, 2016 conference call lowering guidance for the full-year 2016 and 2017, the value of OneMain shares declined significantly.
If you suffered a loss in OneMain you have until March 20, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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