Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
 against Directors announced by Shareholders Foundation - EconoTimes)
SAN DIEGO, Oct. 12, 2016 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed by an investor in shares of Santander Consumer USA Holdings Inc (NYSE:SC) against certain directors of Santander Consumer USA Holdings Inc. over alleged breaches of fiduciary duties.
Investors who purchased shares of Santander Consumer USA Holdings Inc (NYSE:SC) in 2014 and continue to hold any of those NYSE:SC shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties by exposing the U.S. subsidiary of Banco Santander SA to dozens of lawsuits and potential millions in damages. The plaintiff says that the defendants had a lawless attitude and a complete lack of internal controls necessary to ensure legal and regulatory compliance. The plaintiff claims that Santander Consumer USA Holdings Inc repetitively violated banking regulations and federal and state consumer laws. Specifically, the plaintiff says that Santander Consumer USA Holdings Inc was unable to comply with Federal Reserve guideline, and also lacked the proper controls to comply with the Telephone Consumer Protection Act, the Fair Debt Collection Practices Act, the Truth in Lending Act, the Fair Credit Reporting Act and the Service members Civil Relief Act, as well as federal securities laws, and similar state and local statutes.
Among other things, the plaintiff alleges that Santander Consumer USA Holdings Inc also violated state repossession laws, which led to class actions in California and Massachusetts, and have led thus far to Santander Consumer USA Holdings Inc foregoing over $220 million in collectible debt and deficiency balances, as well as agreeing to pay almost $2 million to class members. The plaintiff claims that Santander Consumer USA Holdings Inc also violated the Telephone Consumer Protection Act and similar state consumer protection laws and has been hit with over 30 lawsuits under those statutes and almost 50 lawsuits alleging Fair Debt Collection Practices Act or related state law violations.
Those who purchased shares of Santander Consumer USA Holdings Inc in 2014 and continue to hold any of those NYSE:SC shares should contact the Shareholders Foundation, Inc at [email protected] or call +1 (858) 779-1554.
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. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 [email protected] 3111 Camino Del Rio North Suite 423
