Capital One Financial Corporation

Case Details

Class Period:
February 2, 2018 – July 29, 2019
Date Filed:
October 2, 2019
Case Number:
1:19cv05594
Jurisdiction:
New York Eastern District Court

Case Summary

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

Action Details

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