October 08, 2013
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.
July 26, 2013
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.
June 24, 2013
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.