DFS NEWS: The Klein Law Firm Initiates an Investigation Involving Possible Securities Fraud Violations by Officers of Discover Financial Services

NEW YORK, July 25, 2023 /PRNewswire/ -- The Klein Law Firm announces that it is investigating allegations that Discover Financial Services ("Discover") (NYSE: DFS) violated federal securities laws.

CURRENT INVESTIGATION DETAILS: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.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the potential claims on behalf of DFS investors, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/discover-lawsuit-loss-submission-form?id=42519&from=4.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com

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SOURCE The Klein Law Firm