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$9.6M Deal Over Capital One 401(k) Forfeitures Gets 1st OK

By Gina Kim ( January 14, 2026, 4:16 PM EST) -- A New York federal judge preliminarily approved Capital One Financial Corp.'s $9.6 million settlement to end a proposed class action alleging it improperly used $42.65 million in forfeited employee funds that were paid into the company's retirement plan to reduce its own contributions instead of curtailing administrative costs. ...

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