Capital One Financial Corporation (NYSE: COF) Investor Securities Class Action Lawsuit 10/02/2019

If you purchased a significant amount of shares of Capital One Financial Corporation (NYSE: COF) between February 2, 2018 and July 29, 2019, and / or if you purchased any NYSE: COF shares prior to February 2018and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: December 2, 2019. NYSE: COF investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Capital One
Case Name: 
Capital One Shareholder Class Action Lawsuit 10/02/2019
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: COF
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
10/02/2019
Class Period Begin: 
02/02/2018
Class Period End: 
07/29/2019
Court of Filing: 
U.S. District Court for the Eastern District of New York
Deadline To File for Lead: 
12/02/2019
Summary: 

An investor in shares of Capital One Financial Corporation (NYSE: COF) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Capital One Financial in connection with certain allegedly false and misleading statements made between February 2, 2018 and July 29, 2019.

On July 29, 2019, McLean, VA based Capital One Financial Corporation disclosed that it had suffered a massive data breach, reporting that an outside hacker had obtained the personal data of more than 100 million customers and credit card applicants.

Shares of Capital One Financial Corporation (NYSE: COF) declined from $98.62 per share on July 26, 2019 to $85.36 per share on August 7, 2019.

According to the complaint the plaintiff alleges on behalf of purchasers of Capital One Financial Corporation (NYSE: COF) common shares between February 2, 2018 and July 29, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 2, 2018 and July 29, 2019, the defendants made false and/or misleading statements and/or failed to disclose that the Company did not maintain robust information security protections, and its protection did not shield personal information against security breaches, that such deficiencies heightened the Company’s exposure to a cyber-attack, and that as a result, Capital One’s public statements were materially false and misleading at all relevant times.