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Notice to Investors in Capital One Financial Corporation (NYSE: COF) Investor Alert: Lawsuit alleges False and Misleading Statements

10-09-2019 04:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Capital One Financial Corporation (NYSE: COF) shares.

A lawsuit was filed on behalf of investors in Capital One Financial Corporation (NYSE: COF) shares.

An investor, who purchased shares of Capital One Financial Corporation (NYSE: COF), filed a lawsuit over alleged Securities Laws violations by Capital One Financial.

Investors who purchased shares of Capital One Financial Corporation (NYSE: COF) 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 at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

Those who purchased shares of Capital One Financial Corporation (NYSE: COF) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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