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TD INVESTIGATION NEWS: Investors who Suffered Losses on their TD Bank (NYSE:TD) Securities are Notified to Contact BFA Law about the Securities Fraud Investigation after Guilty Plea
TDDominion Bank(TD) GlobeNewswire News Room·2024-10-21 10:19

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 3billioninfinestomultipleUSregulatorybodiesincludingtheDepartmentofJusticeFederalReserveandTreasuryDepartmentsFinancialCrimesEnforcementNetwork[1]TheComptrolleroftheCurrencyimposedan"assetcap"preventingTDBankfromgrowingbeyonditscurrentsize[1]StockPerformanceImpactTDBanksstockpricedropped643 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]