SAN DIEGO, April 29, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a settlement was proposed in the lawsuit that was pending for certain investors in OneMain Holdings Inc. (NYSE: OMF) shares.

Investors, who purchased shares of OneMain Holdings Inc. (NYSE: OMF), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

In early 2017, a lawsuit was filed against OneMain Holdings Inc. over alleged violations of Securities Laws. The plaintiff claimed that the defendants caused OneMain Holdings Inc. 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 plaintiff alleges that defendants caused OneMain Holdings Inc. 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. In June 2017 an amended complaint was filed and in December 2018 the court denied the defendants motion to dismiss the case. On April 22, 2019, the parties entered into a stipulation and agreement of settlement. The proposed settlement is in the amount of $9 million.

Those who purchased OneMain Holdings Inc. (NYSE: OMF) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
mail@shareholdersfoundation.com 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.