DISCOVER FINANCIAL SERVICES INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigate Discover Financial Services’ Directors and Officers for Breach of Fiduciary Duties – DFS

Scott+Scott is investigating whether members of Discover Financial’s board of directors or senior management failed to manage Discover Financial in an acceptable manner, in breach of their
fiduciary duties to Discover Financial, and whether Discover Financial and its shareholders have suffered damages as a result.

On September 29, 2023, Discover Financial announced that it had entered into a consent order with the FDIC addressing “shortcomings” in the bank’s compliance management system, in part by failing
to establish a compliance management system to meet consumer protection laws. On October 26, 2023, Discover Financial disclosed that it was cooperating with an SEC investigation regarding
incorrectly classified certain credit card accounts. Discover Financial has allocated $376 million to provide refunds to merchants for this misclassification. On July 31, 2024, Discover Financial
announced it had recorded an approximately $200 million charge as a “current estimate of potential penalties to be imposed” by regulators.

What You Can Do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER

If you own shares of Discover Financial, you may have legal claims against Discover Financial’s directors and officers. If you wish to discuss this investigation, or have questions about this
notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or [email protected].

About Us

Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other
forms of wrongdoings, including securities law and shareholder violations.

With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along
with other forms of relief.

Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil
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To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit www.scott-scott.com.

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The Discover Financial Services Stock at the time of publication of the news with a raise of +0,94 % to 115,7EUR on Tradegate stock exchange (09. August 2024, 22:26 Uhr).