Investors Seek Approval Of $34M Settlement Against Retail Credit Card Provider

Mealey's (April 12, 2023, 1:44 PM EDT) -- NEW HAVEN, Conn. — Lead plaintiffs asked a federal judge in Connecticut to grant preliminary approval of a proposed $34 million settlement in a securities class action against store-branded credit card provider Synchrony Bank and certain of its senior executives stemming from misrepresentations the defendants allegedly made regarding the company’s underwriting standards, arguing that the settlement is favorable to the class....