Market Overview

WEDNESDAY DEADLINE REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Synchrony Financial and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Share:

The
Schall Law Firm
, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Synchrony Financial ("Synchrony" or "the Company") (NYSE: SYF)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.

The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Synchrony falsely assured the public that its strong
underwriting practices had resulted in a portfolio of loans that was of
higher quality than that of its competitors. The Company had actually
relaxed standards and issued credit cards to higher-risk borrowers in an
effort to sustain growth. After the Company disclosed poor loan
performance on April 28, 2017, Synchrony declared that it had tightened
its credit standards, but falsely represented those changes as minor.
Synchrony had in fact made significant changes to underwriting
standards, and concealed from the public that those changes damaged its
relationship with key retail partners, including Walmart. When the
market learned the truth about Synchrony, investors suffered damages.

If you are a shareholder who suffered a loss, click
here to participate
.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com