Investigation Overview
An investigation on behalf of investors of Capital One Financial Corporation (NYSE: COF) shares over potential securities laws violations by Capital One Financial Corporation and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Capital One Financial Corporation (NYSE: COF) concerning whether a series of statements by Capital One Financial Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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 hsare on July 26, 2019 to $85.36 per share on August 7, 2019.