Discover 2010 Annual Report Download - page 52

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Financial Services, Inc.; and Discover Bank); and January 14, 2011 in the Eastern District of Pennsylvania (Boyce v. DFS
Services LLC; Discover Financial Services Inc.; Discover Bank). Each of these lawsuits challenges our marketing practices
with respect to our payment protection fee product to our cardmembers under various state laws and the Truth in Lending
Act. The plaintiffs seek monetary remedies including unspecified damages and restitution, attorneys’ fees and costs, and
various forms of injunctive relief including an order rescinding the payment protection fee product enrollments of all class
members. We will seek to vigorously defend all claims asserted against us. We are not in a position at this time to assess
the likely outcomes or our exposure, if any, with respect to these matters.
Item 4. (Removed and Reserved).
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