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TD LEGAL UPDATE: Invest in TD Bank and Lose Money? You may have been Affected by Fraud and are Urged to Contact BFA Law about the Class Action (NYSE:TD)
Dominion BankDominion Bank(US:TD) GlobeNewswire News Roomยท2024-11-14 12:08

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, particularly concerning misleading statements about its anti-money laundering program [1][3][4]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit is titled Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032, and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Group 2: Financial Implications - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. - Following the announcement of the guilty plea, TD Bank's stock price dropped by 6.4%, from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5]. Group 3: Legal Representation - Bleichmar Fonti & Auld LLP, a leading international law firm, is representing plaintiffs in this case and operates on a contingency fee basis, meaning no upfront costs for shareholders [6][7].