Capital One Financial Corporation (NYSE: COF)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Capital One Financial Corporation (NYSE: COF).

The Company has been the subject of litigation alleging that for many years, it made no attempt to transition its 360 Savings accountholders to a new offering or to align their interest rates with those available under its 360 Performance plan and instead employed various tactics to conceal the existence of 360 Performance from its 360 Savings accountholders. Recently, the Company agreed to a $425 million settlement to resolve the claims in the multi-district litigation class action filed in the U.S. District Court for the Eastern District of Virginia. Further, the Company also faces a lawsuit filed in the U.S. District Court for the Southern District of New York by New York Attorney General Letitia James.

KSF’s investigation is focusing on whether Capital One’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Capital One shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.