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Capital One Financial Corporation Investors: Company Investigated by the Portnoy Law Firm
GlobeNewswire News Roomยท 2025-08-19 20:52
Core Viewpoint - Capital One Financial Corporation is under investigation for possible securities fraud, with a class action lawsuit potentially being filed on behalf of affected investors [1][3]. Group 1: Legal Actions and Investigations - The Portnoy Law Firm has initiated an investigation into Capital One regarding allegations of securities fraud and is encouraging investors who have incurred losses to reach out for legal assistance [1][2]. - Capital One has faced litigation for allegedly failing to transition its 360 Savings accountholders to a new offering and for concealing the existence of the 360 Performance plan, leading to a $425 million settlement in a multi-district litigation class action [3]. - The company is also facing a separate lawsuit from New York Attorney General Letitia James in the U.S. District Court for the Southern District of New York [3]. Group 2: Company Responsibilities - The investigation by the Portnoy Law Firm is focusing on whether Capital One's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [4]. - The Portnoy Law Firm has a history of representing investors in claims against corporate wrongdoing, having recovered over $5.5 billion for aggrieved investors [5].