NEW YORK, July 22, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of Discover Financial Services (NYSE: DFS) shareholders arising from allegations that Discover Financial Services may have provided misleading business information to the investing public.
SO WHAT: If you have purchased securities from Discover Financial Services, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=7773 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
WHAT DOES IT TALK ABOUT: On July 20, 2022after-hours trading, 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]The company is suspending its existing stock buyback program until further notice due to an internal investigation into its student loan management practices and related compliance issues. The investigation is ongoing and is being conducted by an independent special committee appointed by the board.”
On this news, Discover Financial Services stock price fell $9.80 per share, or 8.9%, to close at $100.00 per share on July 21, 2022on an unusually high volume of transactions.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania