Cases
Synchrony Financial (SYF)
Securities Class Action
Overview
Overview
- Date:
- 1/14/2019
- Company Name:
- Synchrony Financial
- Stock Symbol:
- SYF
- Class Period:
- FROM 10/21/2016 TO 11/1/2018
- Status:
- Closed/Complete
NEW YORK, January 14, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Synchrony Financial (NASDAQ: SYF).
On November 2, 2018, a complaint was filed alleging that between October 21, 2016 and November 1, 2018, Synchrony falsely represented that its consistent and disciplined underwriting practices had led to a higher quality loan portfolio than those of its competitors. In truth, Synchrony relaxed its underwriting standards and increasingly offered private-label credit cards to riskier borrowers to sustain growth. The truth about Synchrony’s credit standards began to be revealed on April 28, 2017, when the company announced disappointing first quarter 2017 earnings driven by poor loan performance.
If you are a long term stockholder of Synchrony, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 2, 2018, a complaint was filed alleging that between October 21, 2016 and November 1, 2018, Synchrony falsely represented that its consistent and disciplined underwriting practices had led to a higher quality loan portfolio than those of its competitors. In truth, Synchrony relaxed its underwriting standards and increasingly offered private-label credit cards to riskier borrowers to sustain growth. The truth about Synchrony’s credit standards began to be revealed on April 28, 2017, when the company announced disappointing first quarter 2017 earnings driven by poor loan performance.
If you are a long term stockholder of Synchrony, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.