LOS ANGELES–(BUSINESS WIRE)–$COF #COF—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Capital One Finance Corporation (“Capital One” or “the Company”) (NYSE: COF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Capital One admitted on July 29, 2019, that it suffered a massive data breach exposing the personal data of more than 100 million customers and card applicants. The hacker who accessed the information posted it to a publicly available GitHub account, further exposing sensitive details about Capital One customers and applicants to access by anyone on the Internet. Based on this news, shares of Capital One fell almost 6% on July 30.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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