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.”
Additional information is available here.