Law Offices of Howard G. Smith announces an investigation on behalf of Synchrony Financial (Synchrony or the Company) (NYSE: SYF) investors concerning the Company and its officers possible violations of federal securities laws.
On July 26, 2018, mass media outlets reported that Walmart had chosen a competitor to replace Synchrony. Then, on November 1, 2018, Walmart sued Synchrony accusing the Company of improper underwriting in connection with the Walmart/Synchrony credit card program. On this news, shares of Synchrony fell $3.01, or 10% to close at $26.43 on November 2, 2018, thereby injuring investors.
If you purchased Synchrony securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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