DFS - Discover Financial (DFS) Faces Securities Fraud Lawsuit After Risk Management Failures: Hagens Berman Encourages DFS Investors with Substantial Losses to Contact its Attorneys | Benzinga
SAN FRANCISCO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Discover Financial Services (NYSE:DFS) investors who suffered substantial losses to submit your losses now.
| Class Period: Feb. 21, 2019 – Aug. 14, 2023 |
| Lead Plaintiff Deadline: Oct. 31, 2023 |
| Visit: www.hbsslaw.com/investor-fraud/DFS |
| Contact An Attorney Now: |
| DFS@hbsslaw.com |
| 844-916-0895 |
Discover Financial Services (NYSE:DFS) Securities Fraud Class Action:
The complaint alleges that Defendants made false and misleading statements and failed to disclose that: (1) DFS maintained deficient risk management and compliance procedures; (2) as a result of these deficiencies, DFS had, among other things, failed to comply with applicable student loan servicing standards, misclassified certain credit card accounts, overcharged customers, and failed to stem its ballooning credit card delinquency rate; and (3) these issues, when they became known, would subject DFS to significant financial exposure, regulatory scrutiny, and reputational harm.
The truth began to emerge on July 20, 2022, when DFS ...
DFS) Faces Securities Fraud Lawsuit After Risk Management Failures: Hagens Berman Encourages DFS Investors with Substantial Losses to Contact its Attorneys>Full story available on Benzinga.com