|[August 14, 2014]
INVESTOR ALERT: Investigation of Santander Consumer USA Holdings Inc. Announced by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of Santander
Consumer USA Holdings Inc. ("Santander Consumer" or the "Company")
(NYSE:SC) concerning possible violations of federal securities laws. The
investigation focuses on Santander Consumer's business, operations and
Please contact Casey Sadler at (888) 773-9224 or (310) 201-9150, or at firstname.lastname@example.org
to discuss this matter. If you inquire by email, please include your
mailing address, telephone number and number of shares purchased.
Santander Conumer is a specialized consumer finance company,
majority-owned by a subsidiary of Banco Santander, S.A., and provides
vehicle finance and unsecured consumer lending products in the United
States. During 2013, used-car financing represented 72% of Santander
Consumer's outstanding retail installment contracts, 88% of which were
nonprime auto loans. The investigation is related to Santander
Consumer's August 7, 2014, disclosure that the Company received a civil
subpoena from the U.S. Department of Justice under the Financial
Institutions Reform, Recovery and Enforcement Act (FIRREA). According to
the Company, the subpoena requests "production of documents and
communications that, among other things, relate to the underwriting and
securitization of nonprime auto loans since 2007."
If you purchased Santander Consumer shares, if you have information or
would like to learn
more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Casey
Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, by toll-free telephone
at (888) 773-9224 or by telephone at (310) 201-9150, by e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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