Investigation 

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Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Discover Financial Services (“Discover Financial” or the “Company”) (NYSE: DFS). Investors who purchased Discover Financial securities are encouraged to obtain additional information and assist the investigation.  

 

The investigation concerns whether Discover Financial violated federal securities laws.

On July 20, 2022, Discover Financial issued a press release announcing its financial results for the second quarter of 2022.  Among other items, Discover Financial 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’s stock price fell sharply during intraday trading on July 21, 2022.

 

If you are aware of any facts relating to this investigation or purchased Discover Financial shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

 

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.