TD Investors Have Opportunity to Lead The Toronto-Dominion Bank Securities Fraud Lawsuit

Core Viewpoint - Investors with significant losses have the opportunity to lead a securities fraud class action lawsuit against The Toronto-Dominion Bank (TD) due to alleged misleading statements regarding the company's anti-money laundering (AML) program and financial provisions [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from February 29, 2024, to October 9, 2024 [1]. - The deadline for potential lead plaintiffs to file is December 23, 2024 [1]. Group 2: Allegations Against TD - The complaint alleges that TD failed to adequately disclose the issues surrounding its AML program, despite claiming to have a full understanding of the situation [2]. - It is claimed that TD set aside approximately $3 billion to cover anticipated monetary impacts, which was deemed insufficient in terms of transparency to investors [2]. - The positive statements made by TD regarding its business operations and prospects were considered materially misleading and lacked a reasonable basis during the relevant times [2].