The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Capital One Financial Corporation (NYSE: COF) who purchased shares between February 2, 2018 and July 29, 2019. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the Capital One lawsuit alleges 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.
Shareholders have until December 2, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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