Workflow
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages The Toronto-Dominion Bank Investors to Secure Counsel Before Important Deadline in Securities Class Action – TD
TOPTOP Financial (TOP) GlobeNewswire News Room·2024-11-09 01:42

Core Viewpoint - The Rosen Law Firm is reminding investors who purchased securities of The Toronto-Dominion Bank (TD) during the class period from February 29, 2024, to October 9, 2024, about the upcoming lead plaintiff deadline on December 23, 2024, for a class action lawsuit related to misleading statements about TD's anti-money laundering program [2][3]. Group 1: Class Action Details - Investors who bought TD securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by December 23, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against TD - The complaint alleges that TD provided misleading information regarding the effectiveness of its anti-money laundering (AML) program and the potential consequences of ongoing investigations [5]. - Defendants reportedly made overly positive statements about the AML program while concealing significant failures and the likelihood of punitive measures that could impact TD's growth [6]. - The misleading statements led to shareholders purchasing TD securities at inflated prices, resulting in damages when the true situation became known [6].