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In re Discover Financial Services Derivative Litigation
Case Number:
1:12-cv-06436
Court:
Nature of Suit:
160(Contract: Stockholders Suits)
Judge:
Firms
Companies
Sectors & Industries:
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March 18, 2016
Discover Execs Duck Investors' Suit Over Marketing Practices
An Illinois federal judge has effectively killed off a consolidated derivative suit over Discover Financial Services’ marketing practices, saying the investors had repeatedly failed to prove the company’s executives knew and condoned Discover’s misleading calls to customers about the cost of some services.
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April 08, 2013
Discover Execs Slam Card Marketing Derivative Suit
Discover Financial Services executives on Friday urged an Illinois federal judge to toss a consolidated derivative suit alleging the company improperly marketed payment protections and other financial products, saying plaintiffs cannot use previous settlements with regulators to show any intent by the executives to deceive.
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August 16, 2012
Discover Investors Say Shady Marketing Put Co. In Hot Water
Top brass at Discover Financial Services are accused in a shareholder derivative complaint filed Tuesday in Illinois of exposing the company to losses by selling financial tools of dubious value and enrolling cardholders without consent, the latest legal trouble related to the company's add-on products.