NEW YORK, Feb. 18, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of Discover Financial Services shareholders DFS based on allegations that Discover Financial Services may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased Discover Financial Services securities, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=7773 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On July 20, 2022, after the close of trading, Discover Financial Services issued a press release announcing its second quarter 2022 financial results. Among other things, Discover Financial Services announced that “[t]The Company is temporarily suspending its existing share repurchase program due to an internal investigation regarding its student loan administration practices and related compliance matters. The investigation is ongoing and will be conducted by an independent special committee appointed by the Board.”

As a result of this news, Discover Financial Services stock prices fell $9.80 per share, or 8%, on unusually high trading volume to close at $100.00 per share on July 21, 2022.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these firms do not conduct securities class action lawsuits. Be wise in choosing a lawyer. Rosen law firm represents investors around the world,…