New York, New York--(Newsfile Corp. - January 3, 2024) - Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Discover Financial Services ("Discover Financial") (NYSE: DFS) breached their fiduciary duties to Discover Financial and its shareholders. If you are a Discover Financial shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com.
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.
What You Can Do
If you are a Discover Financial shareholder, you may have legal claims against Discover Financials 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 jpettigrew@scott-scott.com.
About Scott+Scott
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.
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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300
San Diego, CA 92101
844-818-6982
jpettigrew@scott-scott.com
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