Investors Sue Computershare Over Stock Certificates

Law360, New York (May 22, 2008, 12:00 AM EDT) -- Shareholders of a bank that Capital One Financial Corp. acquired in 2006 have filed a proposed class action against Computershare Inc., saying the exchange agent failed to convert their old shares into Capital One shares and cash as promised, causing significant loss of potential profit and interest.

The charges were outlined in a complaint filed May 15 in the U.S. District Court for the Eastern District of New York on behalf of owners of North Fork Bancorp. Inc. stock as of December 2006, when the bank's...
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