November 15, 2016 (Shareholders Foundation) - An investigation on behalf of investors of OneMain Holdings Inc (NYSE:OMF) shares over potential securities laws violations by OneMain Holdings Inc and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of OneMain Holdings Inc (NYSE:OMF) concerning whether a series of statements by OneMain Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
OneMain Holdings Inc reported that its annual Total Revenue declined from over $2.81 billion in 2014 to over $2.19 billion in 2015 and that its Net Income of $504.64 million in 2014 declined to a Net loss of $242 million in 2015.
On November 7, 2016, OneMain Holdings Inc announced third quarter results and lowered its guidance for 2016 and 2017.
Shares of OneMain Holdings Inc (NYSE:OMF) declined on November 9, 2016 to as low as $16.03 per share.