Welcome to the Synchrony Financial Securities Litigation Settlement Website.
The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
The Court-appointed Lead Plaintiff Stichting Depositary APG Developed Markets Equity Pool (“Lead Plaintiff”) and Plaintiff Stichting Depositary APG Fixed Income Credits Pool (collectively with Lead Plaintiff, “Plaintiffs”), on behalf of themselves and the Class, have settled the Action for $34,000,000 in cash ("Settlement"). The Settlement resolves all claims in the Action.
On July 31, 2023, the Court held a hearing to consider final approval of the Settlement and other matters. The Court entered an order approving the Settlement and Plan of Allocation and Lead Counsel’s motion for attorney's fees and litigation expenses on August 4, 2023, and a final Judgment on August 7, 2023.
If you are a member of the Class, your rights will be affected, and you may be eligible for a payment from the Settlement. Please read the Notice to fully understand your rights and options.
The Class consists of:
all persons and entities who purchased or otherwise acquired the common stock of Synchrony Financial from January 19, 2018, through July 12, 2018, inclusive (the “Class Period”), and who were damaged thereby, except for certain persons and entities who are excluded from the Class by definition (see paragraph 31 of the Notice).
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked (if mailed) or submitted online no later than September 7, 2023.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.