Investors Eye November Hearing on Capital One’s (COF) $425 Million Depositor Settlement

Group 1 - Third Point Management holds $383,862,443 worth of Capital One Financial Corporation shares, representing 5.04% of its portfolio [1] - Capital One Financial Corporation is included in Dan Loeb's list of stocks with huge upside potential [1][5] - A coalition of 18 U.S. states is urging a federal judge to reject Capital One's proposed $425 million settlement with depositors [2][4] Group 2 - The coalition argues that the settlement is inadequate, claiming it would result in over $2.5 billion in savings for the bank while customers would receive only about $54 of the $717 each in lost interest [3] - The coalition emphasizes that Capital One would continue its practices without significant changes, leading to lower interest rates for depositors compared to new account holders [4] - A final hearing regarding the settlement is scheduled for November 6, 2025, in Virginia federal court [4]