Saxena White P.A. is pleased to announce that on December 7, 2023, the United States District Court for the Southern District of Ohio appointed Newtyn Partners, LP and Newtyn TE Partners, LP (together, “Newtyn”) as Lead Plaintiff and Saxena White P.A. as Lead Counsel in the securities fraud class action against Alliance Data Systems Corporation n/k/a Bread Financial Holdings, Inc. (“ADS”) and certain current and former executive officers of ADS and Loyalty Ventures, Inc. (“Loyalty Ventures”).

The action alleges that Defendants made false and misleading statements about the creation of Loyalty Ventures and its business prospects regarding the Air Miles program, leading to misrepresentations and failed disclosures to investors.