NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of The Toronto-Dominion Bank (“TD” or the “Company”) (NYSE: TD) between February 29, 2024 to October 9, 2024, both dates inclusive. You are hereby notified that the class action lawsuit James Tiessen v. The Toronto-Dominion Bank, et al. (Case No. 1:24-cv-08032) has been commenced in the United States District Court for the S ...

Legal Investigation - Leading securities law firm Bleichmar Fonti & Auld LLP is investigating The Toronto-Dominion Bank (TD Bank) for potential violations of federal securities laws [1] - Investors in TD Bank are encouraged to obtain additional information and explore potential legal options [1][3] TD Bank's Legal Issues - TD Bank pleaded guilty to criminal money-laundering-related charges on October 10, 2024 [1] - The bank agreed to pay over $3 billion in fines to multiple U S regulatory bodies including the Department of Justice Federal Reserve and Treasury Department's Financial Crimes Enforcement Network [1] - The Comptroller of the Currency imposed an "asset cap" preventing TD Bank from growing beyond its current size [1] Stock Performance Impact - TD Bank's stock price dropped 6 4% on October 10 2024 following the news of the legal issues [2] - The stock fell from a closing price of $63 51 per share on October 9 2024 to $59 44 per share on October 10 2024 [2] Law Firm Background - Bleichmar Fonti & Auld LLP is a leading international law firm specializing in securities class actions and shareholder litigation [3] - The firm was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and has achieved notable successes including recovering $900 million from Tesla Inc's Board of Directors and $420 million from Teva Pharmaceutical Ind Ltd [3]

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The Toronto-Dominion Bank (NYSE: TD) 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. Why Did TD Bank's Stock Drop? TD Bank is the 10th largest bank in the United States. On October 10, 2024, TD Bank pleaded gu ...

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Toronto Dominion Bank ("TD Bank" or "the Company") (NYSE: TD). Investors who purchased TD Bank securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TD. Investigation Details On October 10, 2024, U.S. authorities announced that TD Bank had pleaded guilty and agreed to pay over $3 billion in pe ...

This legendary bank's stock just got a lot cheaper. But there's a catch. Toronto-Dominion Bank (TD -0.88%) -- more commonly referred to as TD Bank -- has been a terrific longterm investment. During the past 30 years, the shares have increased in value by more than 3,300%. The S&P 500, for comparison, rose in value by just 1,400% during the same time period. More recently, however, TD Bank stock has lagged behind the market. During the past three years, the shares have essentially been little changed while b ...

NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The Toronto-Dominion Bank (NYSE: TD) 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. Why Did TD Bank's Stock Drop? TD Bank is the 10th largest bank in the United States. On October 10, 2024, TD Bank pleaded gu ...

RADNOR, Pa., Oct. 11, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of The Toronto-Dominion Bank (NYSE: TD) ("TD"). On October 10, 2024, TD announced that the company has reached a resolution of previously disclosed investigations related to its U.S. Bank Secrecy Act and Anti-Money Laundering compliance programs. Specifically, TD has agreed to pay fines totaling abou ...

Key Takeaways Shares of TD Bank tumbled Thursday as the Canadian bank pleaded guilty and agreed to pay more than $3 billion in penalties to resolve U.S. charges that it failed to curb money laundering by drug cartels. In addition, TD accepted limits on how much the bank's U.S. retail operations can grow. Last month, TD said that CEO Bharat Masrani would be stepping down in April 2025 and announced a succession plan. Shares of TD Bank (TD) tumbled Thursday as the Canadian bank pleaded guilty and agreed to pa ...

TD Bank Group's Compliance Failures and Penalties - TD Bank Group takes full responsibility for failures in its US Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and commits to remediation efforts [1] - The bank and its US subsidiaries consented to orders and entered into plea agreements with US regulators regarding BSA and AML program investigations [1] - TD Bank's US operations lacked an adequate AML program to prevent criminal activity, leading to systemic deficiencies from January 2014 to October 2023 [2][3] Regulatory Actions and Penalties - TD Bank N A and TD Bank US Holding Co agreed to pay over $1 8 billion in penalties to resolve the Justice Department's investigation into BSA and AML violations [3] - The Office of the Comptroller of the Currency (OCC) imposed a $450 million civil money penalty and a cease and desist order on TD Bank N A and TD Bank USA [4] - The Financial Crimes Enforcement Network (FinCEN) assessed a $1 3 billion penalty against TD Bank N A and TD Bank USA N A for BSA and AML violations [5] Remediation Measures and Oversight - TD Bank appointed new leaders across its US operations and overhauled its US AML team to address compliance failures [2] - The bank agreed to a four-year monitor to oversee remedial measures, including an end-to-end review of its AML program [6] - FinCEN required TD Bank to provide missing suspicious activity reports and conduct additional accountability and data governance reviews [7] Historical Context - TD Bank became the largest US bank in history to plead guilty to Bank Secrecy Act program failures and the first US bank to plead guilty to conspiracy to commit money laundering [4] - The $1 3 billion penalty imposed by FinCEN is the largest ever against a depository institution in the history of the US Treasury and FinCEN [5]

TD Bank became the largest bank in US history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay $3 billion in penalties to resolve the charges, government authorities said on Thursday. TD's plea deal includes imposition of an asset cap and other limitations to its business, authorities said. The bank has pleaded guilty to conspiring to launder money and conspiring to fail to file accurate reports or maintain a compliant anti-money laundering program, the Just ...