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Posted on 1744 Shuman, Glenn & Stecker announces that it is investigating potential claims against certain officers and directors of Synchrony Financial (“Synchrony” or the “Company”) (NYSE: SYF). Synchrony is a consumer financial services company. The Firm’s investigation relates to allegations raised in a securities class action against Synchrony and certain of its senior officers in the U.S. District Court for the District of Connecticut. The lawsuit alleges that Synchrony falsely represented that its consistent and disciplined underwriting practices led to a higher quality loan portfolio than those of its competitors. In truth, Synchrony relaxed its underwriting standards and increasingly offered private-label credit cards to riskier borrowers to sustain growth. The truth began to be revealed on April 28, 2017, when Synchrony announced disappointing first quarter 2017 earnings, driven by poor l ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Shuman, Glenn & Stecker Investigates EQT Corporation February 25, 2021 GMT DENVER (BUSINESS WIRE) Feb 25, 2021 Shuman, Glenn & Stecker announces that it is investigating potential claims against certain officers and directors of EQT Corporation (“EQT” or the “Company”) (NYSE: EQT ). EQT is a natural gas production company whose primary operations are in the Appalachian Basin and throughout Pennsylvania, West Virginia, and Ohio. ADVERTISEMENT The Firm’s investigation relates to allegations raised in a securities class action against EQT and certain of its senior officers in the U.S. District Court for the Western District of Pennsylvania. The lawsuit alleges that the defendants falsely stated that EQT’s acquisition of Rice Energy Inc. (“Rice”), a rival gas producer, which was announced in June 2017, would yield billions of dollars in synergies based ....