Thieler Law Corp advises investors with losses exceeding $100,000 of the May 17, 2016 lead plaintiff deadline in a class action lawsuit filed against Santander Consumer USA Holdings Inc (NYSE: SC) (“Santander” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased Santander Consumer USA Holdings Inc securities between February 3, 2015 and March 15, 2016, have until May 17, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Santander Consumer USA Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Santander's methodology for estimating credit loss allowance on individually acquired retail installment contracts was improper; as a result, Santander's would need to correct its previously issued financial statements; and as a result of the foregoing, defendants’ statements about the Company's business, operations and prospects were false and misleading and/or lacked a reasonable basis.

On March 15, 2016, Santander revealed that it missed a second deadline for filing its annual report as it recalculates provisions for loan losses in response to regulatory concerns.

Following this news, NYSE: SC shares declined as much as $1.21, or 12.41%, to $8.54 during intraday trading on March 16, 2016.

If you were negatively impacted by your investment in Santander Consumer USA Holdings Inc securities between February 3, 2015 and March 15, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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