NEW YORK, Dec. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of The Toronto-Dominion Bank (NYSE: TD).Shareholders who purchased shares of TD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/the-toronto-dominion-bank-loss-submission-form/?id=115941&from=4 CLASS PERIOD: Februa ...

TD Bank Money Laundering Scandal - TD Bank pled guilty to civil and criminal charges related to money laundering, including conspiring to violate the Bank Secrecy Act, and agreed to pay a total of $3 billion in fines, including a $1.8 billion criminal penalty [1] - The bank failed to monitor $18.3 trillion of questionable customer activity between January 2014 and October 2023, and is required to cooperate fully with the Justice Department's ongoing investigation into its officers, directors, and employees [2] - The bank's President and CEO Bharat Masrani announced his retirement in April 2025, with no charges filed against him at this time, but the bank faces the threat of additional criminal charges if it fails to cooperate with further investigations [3] Involvement in Fentanyl Money Laundering - TD Bank employees allegedly helped launder $474 million in cash from illicit fentanyl sales by Chinese criminal syndicates between 2018 and 2021, with employees accepting bribes to deposit large sums of cash and facilitate wire transfers [4][5] - The bank's compliance executives were notified of suspicious activities by the Sze network, including $8.3 million worth of checks purchased with cash, but failed to act in a timely manner [5] - Senators Wyden and Warren criticized the lack of consequences for TD Bank executives, emphasizing the bank's role in enabling fentanyl trafficking and endangering American lives [5][6] Law Enforcement Actions and Industry Context - The Justice Department charged a third minor-level TD Bank employee with money laundering but has taken no action against higher-level executives despite evidence of their involvement [6] - Historical precedent, such as HSBC's $1.9 billion fine in 2012 for money laundering, shows that large banks often face financial penalties without individual executives being charged [7] - It remains uncertain whether the ongoing investigation will result in criminal charges against TD Bank executives in positions of power [7]

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in The Toronto-Dominion Bank ("TD" or the "Company") (NYSE: TD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TD investors who were adversely affected by alleged securities fraud between February 29, 2024 and October 9, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/the-toronto-dominion-bank-laws ...

Key TakeawaysTD Bank shares fell Thursday after the bank's fourth-quarter profits fell short of analyst projections, leading the bank to suspend several medium-term growth goals.Revenue and net interest income beat estimates.In October, the bank agreed to pay a fine north of $3 billion after pleading guilty to violating U.S. anti-money laundering laws. Shares of Toronto-Dominion Bank (TD) fell Thursday after the bank's fourth-quarter profits fell short of estimates, while it also suspended some of its mid- ...

TD Bank Group Reports Fourth Quarter and Fiscal 2024 Results Earnings News Release • Three and twelve months ended October 31, 2024 This quarterly earnings news release shouldbe read in conjunction with the Bank's unauditedfourth quarter 2024 consolidated financial resultsfor the year ended October 31, 2024, included in this EarningsNews Release and the audited 2024 ConsolidatedFinancial Statements, prepared in accordancewith International Financial Reporting Standards (IFRS) as issued by the International ...

TD Bank Group said Thursday (Dec. 5) that for the coming fiscal year, “it will be challenging for the Bank to generate earnings growth,” as it continues to work on its anti-money laundering (AML) remediation and invest in its business.The bank said this in an earnings release in which it reported that during its fourth quarter, which ended Oct. 31, the reported net income of its Canadian banking business rose 9% year over year, while that of its U.S. banking business fell 32%.“I remain confident in the earn ...

The Toronto-Dominion Bank (NYSE:TD) Q4 2024 Earnings Conference Call December 5, 2024 9:30 AM ET Company Participants Brooke Hales - Head, IR Bharat Masrani - Group President, CEO & Director Raymond Chun - COO & Director Kelvin Vi Tran - Group Head & CFO Ajai Bambawale - Group Head & Chief Risk Officer Sona Mehta - Group Head, Canadian Personal Banking Conference Call Participants Gabriel Dechaine - National Bank Financial Meny Grauman - Scotiabank Ebrahim Poonawala - Bank of America Merrill Lynch Paul Hold ...

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [2]. Group 1: Legal and Financial Implications - TD's guilty plea marks it as the largest bank in U.S. history to admit to such failures, leading to a punitive payment of $3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion [2]. - Following the announcement on October 10, 2024, TD's stock price dropped from $63.51 to $59.44 on October 10, and further to $57.01 on October 11, representing a decline of over 10.23% within two days [2]. Group 2: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline for lead plaintiff applications set for December 21, 2024 [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [3].

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [3]. Group 1: Legal and Financial Implications - TD has been ordered to pay a punitive amount of $3.09 billion as part of the resolution from U.S. investigations [3]. - An asset cap has been imposed, limiting TD's U.S. subsidiaries to a collective total of $434 billion, reflecting the company's assets as of September 30, 2024 [3]. - The Department of Justice highlighted TD's failures as the largest in U.S. history regarding Bank Secrecy Act violations and the first bank to plead guilty to money laundering conspiracy [3]. Group 2: Market Reaction - Following the announcement of the investigations and penalties, TD's stock price dropped from $63.51 per share on October 9, 2024, to $59.44 on October 10, 2024, and further to $57.01 on October 11, 2024, marking a decline of over 10.23% within two days [3]. Group 3: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline set for December 21, 2024 [4]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4].

Core Viewpoint - The Toronto-Dominion Bank is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, particularly concerning its anti-money laundering program and subsequent penalties imposed by U.S. authorities [1][4][5]. Group 1: Lawsuit Details - The class action lawsuit, titled Tiessen v. The Toronto-Dominion Bank, allows purchasers of TD Bank securities from February 29, 2024, to October 9, 2024, to seek lead plaintiff status by December 23, 2024 [1][6]. - Allegations include that TD Bank made false or misleading statements regarding its anti-money laundering (AML) program and failed to disclose significant failures that could impact its growth [4][5]. - On October 10, 2024, TD Bank announced a $3.09 billion penalty and an asset cap of $434 billion, which reflects its assets as of September 30, 2024, leading to a stock price drop of over 10% [5]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired TD Bank securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6]. - The lead plaintiff can choose a law firm to represent them, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases, making it a leader in the field [7].