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Discover Financial Services

(NYSE: DFS)

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Discover Financial Services ("DFS" or the "Company") on behalf of stockholders.  A class action complaint has been filed against DFS.  The complaint alleges that defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies.  Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) DFS maintained deficient risk management and compliance procedures; (ii) as a result of the foregoing deficiencies, the Company had, inter alia, failed to comply with applicable student loan servicing standards, misclassified certain credit card accounts, overcharged customers, and failed to stem its ballooning credit card delinquency rate; (iii) the foregoing issues, when they became known, would subject DFS to significant financial exposure, regulatory scrutiny, and reputational harm; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 05/23/2024


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