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Home / Opinion Digests / No Shareholder Derivative Suit for ‘Red Flags’ to D&O (access required)

No Shareholder Derivative Suit for ‘Red Flags’ to D&O (access required)

An Alexandria U.S. District Court dismisses plaintiff shareholders’ suit alleging defendant directors and officers of Capital One ignored multiple “red flags” that alerted them to problems at third-party call centers that marketed and sold add-on products such as payment protection insurance and credit monitoring. Plaintiffs’ complaints, removed from state court, are brought against the directors of ...