Robbins Arroyo LLP: Litigation Continues Against OneMain Holdings, Inc. (OMF)
Shareholder rights law firm
Robbins Arroyo LLP is investigating whether certain officers and directors of OneMain Holdings, Inc. (NYSE: OMF) breached their
fiduciary duties to shareholders. OneMain Holdings, Inc., through its subsidiaries, provides consumer finance and insurance
products and services.
Shareholder Class Action Alleging Defendants Made Materially False and Misleading Statements Survives Motion to
Dismiss
Investors filed a class action complaint against OneMain Holdings for alleged violations of the Securities Exchange Act of 1934.
According to the complaint, OneMain Holdings made materially false and misleading statements regarding the post-Acquisition
integration efforts at OneMain Financial branches and the achievability of its 2016 and 2017 earnings guidance. On December 12,
2018, Senior U.S. District Court Judge Victor Marrero denied defendants' motion to dismiss plaintiff's complaint, paving the way
for litigation to proceed.
View this information on the law firm's Shareholder Rights Blog:
https://www.robbinsarroyo.com/onemain-holdings-inc-jan-19/
OneMain Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid
Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service,
Stock Watch.
Attorney Advertising. Past results do not guarantee a similar outcome.
Leonid Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
LKandinov@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005674/en/