Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Apple Turns 50: From Garage Startup to AI Crossroads 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
CTOC Adds 3,000 Doctors, 500 Hospitals Ahead of Liquidity Push 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
NEW YORK, Sept. 30, 2016 -- Safirstein Metcalf LLP announces that a shareholder derivative lawsuit has been filed in the Court of Chancery of the State of Delaware against current and former officers and directors of Santander Consumer USA Holdings, Inc. (NYSE:SC) (“Santander Consumer USA Holdings” or the “Company”) Santander Consumer USA Holdings is named as a nominal defendant.
Santander Consumer USA Holdings is a specialized consumer finance company focused on vehicle finance and third-party financing. The complaint alleges that the current and former officers and directors breached their fiduciary duties to shareholders. These breaches involved serial and systemic violations of law, evidencing a lawless attitude and a complete lack of systems, processes and/or quality control measures necessary to ensure legal and/or regulatory compliance. These failures began when the Company went public in January 2014, and include repetitive banking violations, and violations of laws designed to protect consumers. In all, the Company’s recurring legal failures have: (i) imposed substantial litigation costs and distractions on the Company and its employees; (ii) compelled the Company to pay or forgo hundreds of millions of dollars as a result of settlements and/or court-ordered judgments; and, (iii) exposed the Company to federal securities law violations and material contingent liabilities.
If you are a current holder of Santander Consumer USA Holdings, and would like more information about the Santander Consumer USA Holdings Shareholder Derivative Action, please visit http://www.safirsteinmetcalf.com/santander.html or contact Sheila Feerick at 1-800-221-0015, or email [email protected]
About Safirstein Metcalf LLP
Safirstein Metcalf LLP focuses its practice on shareholder rights. The law firm also practices in the areas of antitrust and consumer protection. All of the firm’s legal endeavors are rooted in its core mission: provide investor and consumer protection.
Attorney advertising. Prior results do not guarantee a similar outcome.
Safirstein Metcalf LLP Peter Safirstein, Esq. 1250 Broadway 27th Floor New York, NY 10001 1-800-221-0015 [email protected]
