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In re Capital One Derivative Shareholder Litigation
Case Number:
1:12-cv-01100
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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October 08, 2013
Capital One Derivative Suit Over $210M Loss Gets Axed
A Virginia federal judge Tuesday sounded the death knell for a derivative suit against Capital One Financial Corp. directors for purportedly allowing the bank to engage in deceptive credit card marketing that led to $210 million in payouts and penalties, finding the plaintiffs didn’t satisfy a key requirement.
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July 26, 2013
Amended Card-Marketing Suit Still Unclear, Capital One Says
Capital One Financial Corp. on Thursday slammed an amended shareholder derivative complaint accusing the bank's directors and officers of costing it $210 million by not stopping deceptive credit card marketing, saying it wasn't any clearer than an earlier complaint dismissed by a Virginia federal judge.
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June 24, 2013
Capital One Wins Dismissal Of Credit Card Marketing Suit
A Virginia federal judge Friday dismissed a consolidated shareholder derivative suit seeking to hold Capital One Financial Corp. directors and officers accountable for allowing the bank to engage in deceptive credit card marketing that led to $210 million in payouts and penalties, ruling the plaintiffs had not plausibly backed their claims.