Newtyn Partners, LP et al v. Alliance Data Systems Corporation N/K/A Bread Financial Holdings, Inc. et al
Case Number:
2:23-cv-01451
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Baker & Hostetler
- Davis Polk
- Dungan & LeFevre
- Law Offices of John C. Camillus
- Norton Rose
- Saxena White
Companies
Sectors & Industries:
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June 04, 2024
Bread Financial Wants Suit Over Spinoff's 'Death Spiral' Axed
Financial services company Bread Financial Holdings Inc. and its CEO have asked an Ohio federal judge to toss a proposed investor class action over the alleged "death spiral" of a now-bankrupt spinoff company, saying the suit actually details Bread's "good faith efforts" to establish the spinoff as a successful independent venture.
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April 28, 2023
Ohio Securities Suit Claims Bread Financial Lied To Investors
Investors took major losses after Ohio-based Bread Financial Holdings Inc. hid the looming defection of a key customer in its credit card rewards program while hyping a now-bankrupt company spun off to handle the plan, according to a proposed class action filed in Buckeye State federal court.