NEW
YORK, July 28, 2023 /PRNewswire/ -- Jakubowitz
Law announces that an investigation into potential securities
fraud allegations has commenced on behalf of
shareholders of Discover Financial Services (NYSE: DFS)
To be contacted by a member of our team, fill out the
form:
https://claimyourloss.com/securities/discover-class-action-loss-submission-form/?id=42680&from=4
Further details on the investigation: 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law