Pomerantz LLP is investigating claims on behalf of investors of Synchrony Financial (“Synchrony” or the “Company”) (NYSE: SYF). Such investors are advised to contact Robert S. Willough The investigation concerns whether Synchrony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On January 28, 2022, Synchrony issued a press release announcing its financial and operating results for the fourth quarter of 2021. Among other items, Synchrony reported earnings that fell short of the consensus estimate and advised investors that the Company expected delinquencies and net charge-offs to rise from current levels, with peak delinquencies expected in the fourth quarter of 2022.
On this news, Synchrony’s stock price fell $3.00 per share, or 6.75%, to close at $41.42 per share on January 28, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members.
Source : https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-synchrony-financial—syf-301471040.html