Lifshitz & Miller Law Firm Files Class Action Lawsuit against OneMain Holdings, Inc.

NEW YORK, Jan. 17, 2017 /PRNewswire/ -- Lifshitz & Miller, a securities class action law firm focused on representing shareholders nationwide, announces that on January 17, 2017, Lifshitz & Miller filed a securities class action lawsuit on behalf of shareholders who purchased shares of OneMain Holdings, Inc.  (OMF) ("OneMain" or the "Company") between March 3, 2015 and November 7, 2016 (the "Class Period").  The lawsuit was filed in the U.S. District Court for the Southern District of Indiana and alleges violations of the Securities Exchange Act of 1934.

A copy of the complaint is available from the Court or from Lifshitz & Miller.  If you are a OneMain investor, and would like additional information about our investigation and complaint, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516) 493-9780 or e-mail at [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The Complaint alleges that defendants caused the Company to issue materially misleading statements and/or omit material information concerning the Company's business, operations and prospects following Springleaf Holdings, Inc.'s merger with OneMain Financial Holdings, LLC in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  In particular, the Complaint alleges that defendants caused the Company to issue materially misleading representations and/or omit material information regarding the projected net income to be achieved by the Company following, and in large part due to, the combination of OneMain Financial with Springleaf and the purported synergies achieved by the combined company.

Investors have until March 20, 2017 to file a motion, with the court, for appointment as a lead plaintiff in this lawsuit.

Lifshitz & Miller has extensive experience representing investors in the prosecution of securities class actions and shareholder derivative litigation in state and federal courts across the country.

ATTORNEY ADVERTISING. © 2016 Lifshitz & Miller.  The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516) 493-9780.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Phone:  516-493-9780
Facsimile: 516-280-7376
Email: [email protected]

SOURCE Lifshitz & Miller Law Firm

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