Discover Brass' Compliance Faults Hurt Stock, Investors Say
By Katryna Perera ( October 5, 2023, 6:08 PM EDT) -- Current and former top brass of Discover were hit with a shareholder derivative suit on Thursday in Delaware federal court alleging they caused the credit card company to misclassify certain products over a 15-year period as a result of an acknowledged compliance failure, which caused the company to lose value and become exposed to litigation and regulatory enforcement....
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