Newtyn Partners, LP et al v. Alliance Data Systems Corporation N/K/A Bread Financial Holdings, Inc. et al

2:23-cv-01451

Class Action

January 23, 2026
6th Circ. Won't Revive Bread Financial Investors' Suit

The Sixth Circuit won't resuscitate investor claims against the company now known as Bread Financial Holdings Inc., finding that the suit didn't show how shareholders were misled or defrauded leading up to a corporate spin-off that ended in bankruptcy.
March 24, 2025
Bread Financial Gets Investor's Spinoff Suit Tossed For Good

Bread Financial Holdings Inc. and some of its executives have beaten a shareholder suit alleging that they tried to defraud investors by concealing issues with now-bankrupt spinoff company Loyalty Ventures, with a court ruling that the defendants had made necessary disclosures to investors.
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.
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.