Case Page

 

Case Status:    ONGOING    
On or around 09/29/2017 (Ongoing date of last review)

Filing Date: January 17, 2017

According to the law firm press release, 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.

On February 17, 2017, the first identified case was voluntarily dismissed by Plaintiff. A related action continues in the Southern District of New York under 17-CV-01016.

COMPANY INFORMATION:

Sector: Financial
Industry: Consumer Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: OMF
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 17-CV-00007
JUDGE: Hon. Richard L. Young
DATE FILED: 01/17/2017
CLASS PERIOD START: 03/03/2015
CLASS PERIOD END: 11/07/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lifshitz & Miller
    821 Franklin Avenue, Suite 209 , Lifshitz & Miller, NY 11530
    (516) 493-9780 (516) 280-7376 ·
  2. Parr Richey Frandsen Patterson Kruse LLP
    251 N. Illinois Street, Suite 1800, Parr Richey Frandsen Patterson Kruse LLP, IN 46204
    (317) 269-2500 (317) 269-2514 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 17-CV-01016
JUDGE: Hon. Richard L. Young
DATE FILED: 06/13/2017
CLASS PERIOD START: 02/25/2016
CLASS PERIOD END: 11/06/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Curtis V. Trinko LLP
    16 West 46th Street 7th Floor, Curtis V. Trinko LLP, NY 10036
    212.490.9550 212.986.0158 · ctrinko@trinko.com
  2. Holzer & Holzer, LLC
    1117 Perimeter Center West, Suite E-107, Holzer & Holzer, LLC, GA 30338
    770.392.0090 770.392-0029 · mfistel@holzerlaw.com
  3. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date