NEW
YORK, July 26, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Discover
Financial Services:
On July 20, 2023, pre-market,
Discover revealed it was in discussions with regulators about how
it misclassified certain credit card products for about 15 years.
The company incorrectly classified certain credit card accounts
into its highest merchant and merchant acquirer pricing tier,
beginning around mid-2007. Following this news, Discover stock was
trading down over 13% in pre-market trading on July 20, 2023. Discover stock price fell sharply
from $121.85 per share on
July 19, 2023 to $102.44 on July 20,
2023.
Due to the forgoing, The Gross Law Firm is investigating
potential securities fraud claims on behalf of certain
Discover investors. If you incurred a loss on your DFS investment,
please contact us using the link below to discuss your rights.
https://securitiesclasslaw.com/securities/discover-loss-submission-form/?id=42578&from=4
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm