Capital One Financial Corporation
CAPITAL ONE FINANCIAL CORPORATION
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces the filing of a securities fraud class action on behalf of shareholders of Capital One Financial Corporation (“Capital One” or the “Company”) from February 2, 2018, through July 29, 2019, inclusive (the “Class Period”).
New York, New York — Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces the filing of a securities fraud class action on behalf of shareholders of Capital One Financial Corporation (“Capital One” or the “Company”) from February 2, 2018, through July 29, 2019, inclusive (the “Class Period”).
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.
On July 29, 2019, Capital One announced in a press release that it had suffered a data breach affecting over 106 million individuals in the United States and Canada. On this news, shares of Capital One fell $5.71 or nearly 5.9% to close at $91.21 on July 30 2019.
If you wish to serve as lead plaintiff, you must move the Court no later than December 2, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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