Ex-Discover Star Sues Over Pay Clawback Before $35 Billion Deal

A former top executive at Discover Financial Services has accused the credit card company of wrongly clawing back millions of dollars in compensation and using her as a “scapegoat” to assuage regulators ahead of its $35 billion merger with Capital One Financial Corp.

In a lawsuit filed Wednesday in federal court in Chicago, Diane Offereins alleges that Discover acted months after she retired from a 25-year career at the digital bank. Offereins, 66, joined Discover as chief information officer before expanding a payments network that became the envy of lenders on Wall Street and a major draw for Capital ...