Bread Financial Wants Suit Over Spinoff's 'Death Spiral' Axed

By Emilie Ruscoe (June 4, 2024, 7:50 PM EDT) -- 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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