NYSE: DFS

Discover Financial Services

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Discover Financial Services (NYSE: DFS) resulting from allegations that Discover Financial Services may have issued materially misleading business information to the investing public.

If you purchased Discover Financial Services securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased Discover Financial Services securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On July 20, 2022, after trading hours, Discover Financial Services issued a press release announcing its financial results for its second quarter of 2022. Among other items, Discover Financial Services disclosed that “[t]he company is suspending until further notice its existing share repurchase program because of an internal investigation relating to its student loan servicing practices and related compliance matters. The investigation is ongoing and is being conducted by a board-appointed independent special committee.”

On this news, Discover Financial Services share prices fell $9.80 per share, or 8.9%, to close at $100.00 per share on July 21, 2022, on unusually heavy trading volume.

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Company Name: Discover Financial Services
Stock Symbol: DFS
Class Period: N/A
Court: N/A
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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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