Capital One Financial Corporation (COF)


Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Capital One Financial Corporation To Contact The Firm 

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Capital One Financial Corporation (“Capital One” or the “Company”) (NYSE:COF) of the December 2, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. 

If you invested in Capital One stock or options between February 2, 2018 and June 29, 2019 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  

The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased Capital One securities between February 2, 2018 and June 29, 2019 (the “Class Period”).  The case, Minsky v. Capital One Financial Corporation, No. 19-cv-05594 was filed on October 2, 2019, and has been assigned to Judge Carol Bagley Amon.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company did not maintain robust information security protections, and its protection did not shield personal information against security breaches; (2) such deficiencies heightened the Company’s exposure to a cyber-attack; and (3) as a result, Capital One’s public statements were materially false and misleading at all relevant times.

On July 29, 2019, after the market closed, Capital One announced in a press release that on July 19, 2019, Capital One suffered a data breach affecting over 106 million individuals in the United States and Canada.

According to the criminal complaint brought by the Federal Bureau of Investigation against Paige A. Thompson, the purported hacker, though some of the data was tokenized or encrypted, “data including applicants’ names, addresses, dates of birth and information regarding their credit history ha[d] not been tokenized.” United States of America v. Paige A. Thompson, a/k/a “erratic”, Case No. MJ19-0344 (W.D. Wash. Jul. 29, 2019) (Compl. at 8).

On this news, Capital One’s stock price fell from $96.92 per share on July 29, 2019 to $91.21 per share on July 30, 2019—a $5.71 or 5.89% drop.

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Capital One Financial Corporation (COF)

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Details

Filed on 10/04/2019

Ticker NYSE:COF

Lead Plaintiff Deadline 12/02/2019

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

Richard W. Gonnello rgonnello@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

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Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

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