April 12, 2023. The Parties agreed to and the Court approved a $34 million settlement in a class action securities case involving Synchrony Financial. Plaintiffs alleged that Synchrony misrepresented the quality of its loan portfolio and underwriting practices. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and testimony on market efficiency and class-wide damages. The Court noted, “Dr. Feinstein’s methodology relies on easily ascertainable data points for calculating the per share damages: the purchase date and sale date of Synchrony stock, which are directly linked with Plaintiffs underlying theory of liability.”

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