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Investigation announced for Investors in Discover Financial Services (NYSE: DFS) over potential Wrongdoing

09-30-2022 01:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Discover Financial Services (NYSE: DFS) shares over potential wrongdoing.

An investigation on behalf of investors in Discover Financial Services (NYSE: DFS) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain directors at Discover Financial Services.

Investors who purchased shares of Discover Financial Services (NYSE: DFS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Discover Financial Services officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Riverwoods, IL based Discover Financial Services, through its subsidiaries, operates as a digital banking and payment services company in the United States.

Discover Financial Services reported that its annual Total Revenue increased from over $11.08 billion in 2020 to over $12.08 billion in 2021, and that its Net Income rose from over $1.14 billion in 2020 to over $5.44 billion in 2021.
On July 20, 2022, after trading hours, Discover Financial Services announced 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."

Shares of Discover Financial Services (NYSE: DFS) declined from $109.95 per share on July 20, 2022, to as low as $97.39 per share July 28, 2022.

Those who purchased shares of Discover Financial Services (NYSE: DFS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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