Judge Dismisses Shareholder Suit Against Capital One Directors And Officers

Judge Dismisses Shareholder Suit Against Capital One Directors And Officers

ALEXANDRIA, Va. - A federal judge in Virginia dismissed a shareholder derivative lawsuit against directors and officers of Capital One on Oct. 8 because, among other reasons, the shareholders failed to show that presuit demand upon the company's board of directors would have been futile (In re Capital One Derivative Shareholder Litigation, No. 12-cv-01100, E.D. Va.; 2013 U.S. Dist. LEXIS 145911).

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