Moody's Downgrades The Toronto-Dominion Bank (TD) and Subsidiary After Guilty Plea – Hagens Berman

SAN FRANCISCO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- On October 23, 2024, Moody's downgraded the long-term ratings of The Toronto-Dominion Bank (NYSE: TD) and its U.S. subsidiaries in response to the company's guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine. The ratings downgrade comes on the heels of a recently filed federal securities class action lawsuit against The Toronto-Dominion Bank and several of its most senior execut ...