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WEDNESDAY DEADLINE REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Synchrony Financial and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

January 1, 2019

LOS ANGELES--(BUSINESS WIRE)--Jan 1, 2019--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Synchrony Financial (“Synchrony” or “the Company”) (NYSE: SYF ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Synchrony falsely assured the public that its strong underwriting practices had resulted in a portfolio of loans that was of higher quality than that of its competitors. The Company had actually relaxed standards and issued credit cards to higher-risk borrowers in an effort to sustain growth. After the Company disclosed poor loan performance on April 28, 2017, Synchrony declared that it had tightened its credit standards, but falsely represented those changes as minor. Synchrony had in fact made significant changes to underwriting standards, and concealed from the public that those changes damaged its relationship with key retail partners, including Walmart. When the market learned the truth about Synchrony, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at  www.schallfirm.com, or by email at  brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190101005031/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

Sherin Mahdavian, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: The Schall Law Firm

Copyright Business Wire 2019.

PUB: 01/01/2019 12:23 PM/DISC: 01/01/2019 12:22 PM

http://www.businesswire.com/news/home/20190101005031/en

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