DISCOVER FINANCIAL SERVICES INVESTOR REMINDER: Scott+Scott Attorneys at Law LLP Investigates Discover Financial Services Directors and Officers for Breach of Fiduciary Duty – DFS

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

On September 29, 2023, Discover Financial announced that it had entered into a consent order with the FDIC to address “deficiencies” in the bank’s compliance management system, in part due to its failure to establish a compliance management system to comply with consumer protection laws. On October 26, 2023, Discover Financial announced that it was cooperating with an SEC investigation into the misclassification of certain credit card accounts. Discover Financial has committed $376 million to provide refunds to merchants for this misclassification. On July 31, 2024, Discover Financial announced that it had recorded a charge of approximately $200 million as a “current estimate of potential regulatory penalties.”

What you can do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER

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

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Discover Financial Services stock had risen by 1.5% at the time of the news release. +1.55 % to 123.2EUR on the Tradegate exchange (August 19, 2024, 10:26 PM).