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].

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, particularly concerning misleading statements about its anti-money laundering program [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in TD Bank securities [2]. Group 2: Financial Implications - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. - Following the announcement of the guilty plea, TD Bank's stock price fell by 6.4%, from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5]. Group 3: Company Background - TD Bank is identified as the 10th largest bank in the United States [3].

Core Viewpoint - A class action lawsuit has been filed against The Toronto-Dominion Bank (TD) for allegedly misleading investors regarding its compliance with anti-money laundering regulations, particularly the U.S. Bank Secrecy Act [1][2]. Summary by Relevant Sections Allegations - The lawsuit claims that TD failed to disclose significant issues with its anti-money laundering (AML) program and the potential consequences of these failures, including the likelihood of punitive measures that could hinder the bank's growth [2]. Recent Developments - On October 10, 2024, TD announced resolutions from investigations into its AML compliance, which included a punitive payment of $3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion. This marked TD as the largest bank in U.S. history to plead guilty to such failures [3]. - Following this announcement, TD's stock price dropped from $63.51 on October 9, 2024, to $59.44 on October 10, and further to $57.01 on October 11, representing a decline of over 10% in just two days [3]. Class Action Participation - Shareholders interested in participating in the class action must submit their application by December 23, 2024. A lead plaintiff will represent the class in the litigation [4].

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, specifically regarding misleading statements about its anti-money laundering program [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit is titled Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032, and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Group 2: Financial Implications - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. - Following the announcement of the guilty plea, TD Bank's stock price fell by 6.4%, from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5]. Group 3: Company Background - TD Bank is identified as the 10th largest bank in the United States [3].

NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Toronto-Dominion Bank (NYSE: TD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in TD Bank, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-toronto-dominion-bank. Investors have until December 23, 2024 to ask the Court to be ...

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, particularly concerning misleading statements about its anti-money laundering program [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit is titled Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032, and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Group 2: Financial Implications - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. - Following the announcement of the guilty plea, TD Bank's stock price fell by 6.4%, from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5]. Group 3: Legal Representation - Investors in TD Bank are encouraged to submit their information to the law firm representing the case, which operates on a contingency fee basis, meaning no upfront costs for shareholders [6].

The broader stock market fell into a quick bear market during the early days of the coronavirus pandemic. Toronto-Dominion Bank's (TD 0.07%) share price fell just like most other stocks during that period. And then the stock rallied strongly, just like many other stocks, hitting a peak of $85.That's when the wheels fell off and TD Bank, as it is more commonly known, went into a funk. The stock now trades below $60 per share. Is this a buying opportunity? Maybe, but you need to know what you are getting into ...

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, particularly concerning misleading statements about its anti-money laundering program [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit is titled Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032, and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Group 2: Allegations Against TD Bank - The complaint alleges that TD Bank made materially false and misleading statements regarding the effectiveness of its anti-money laundering program [3]. - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. Group 3: Market Impact - Following the announcement of the guilty plea, TD Bank's stock price fell by 6.4%, dropping from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5].

Lawsuit Overview - The class action lawsuit against TD Bank alleges violations of the Securities Exchange Act of 1934, involving false or misleading statements and failure to disclose material adverse facts about the bank's anti-money laundering (AML) program [1][4] - The lawsuit covers securities purchasers or acquirers of TD Bank between February 29, 2024, and October 9, 2024, with a deadline of December 23, 2024, to seek appointment as lead plaintiff [1] Allegations and Impact - TD Bank is accused of concealing or minimizing the significance of its AML program failures, which led to punitive measures including a $3.09 billion payment and an asset cap of $434 billion for its U.S. subsidiaries [4][5] - The U.S. Department of Justice highlighted TD Bank's failures as the largest in U.S. history related to Bank Secrecy Act program violations and the first U.S. bank to plead guilty to conspiracy to commit money laundering [5] - Following the announcement of these resolutions on October 10, 2024, TD Bank's stock price fell by more than 10% [5] Lead Plaintiff Process - Investors who purchased or acquired TD Bank securities during the Class Period can seek appointment as lead plaintiff, with the lead plaintiff acting on behalf of all class members and selecting a law firm to litigate the case [6] - The ability to share in any potential future recovery is not dependent on serving as lead plaintiff [6] About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having secured the most monetary relief for investors in six out of the last ten years according to ISS Securities Class Action Services rankings [7] - The firm has recovered $6.6 billion for investors in securities-related class action cases over the last four years, including the largest securities class action recovery ever of $7.2 billion in the Enron case [7]

TD Bank reportedly is working to select compliance monitors to track its progress on risk and controls and report to regulators, as ordered by the U.S. government in October.As the bank works on this process, U.S. CEO Leo Salom told staff this month during a town hall that TD Bank is committed to fixing its anti-money laundering (AML) and risk controls, that this is its top priority and that it has the resources to do so, Reuters reported Monday (Nov. 25), citing unnamed sources.Reached by PYMNTS, a TD Bank ...