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KBC Asset Management NV et al v. Discover Financial Services et al
Case Number:
1:23-cv-06788
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Cohen Milstein
- Goodwin Procter
- Lieff Cabraser
- Motley Rice
- Pomerantz LLP
- Robbins Geller
- Sidley Austin
- Sullivan & Cromwell
- Willkie Farr
- Winston & Strawn
- Wolf Haldenstein
Companies
Sectors & Industries:
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March 28, 2024
Investors' Compliance Class Action Falls Short, Discover Says
Allegedly misleading statements on compliance and risk management protocols from Discover Financial Services' top brass were "aspirational" remarks about general practices, the company argued Thursday in seeking to end a proposed securities class action in Illinois federal court.
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September 01, 2023
Discover Hit With Investor Suit Over Compliance Woes
Discover was hit with a proposed class action Friday accusing it of misleading investors about its risk management and compliance protocols before oversight issues at the financial services giant came to light and its former CEO abruptly left the company.