Dominion Bank(US:TD) Prnewswireยท2024-11-18 10:45Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [2]. Group 1: Legal and Financial Implications - TD's class period for shareholder claims is from February 29, 2024, to October 9, 2024, during which the bank's stock price experienced a notable decline of over 10.23% within two days after the announcement of the investigations [2]. - The bank's stock price fell from $63.51 per share on October 9, 2024, to $59.44 on October 10, 2024, and further to $57.01 on October 11, 2024 [2]. - The U.S. Department of Justice characterized TD's failures as unprecedented, marking it as the largest bank in U.S. history to plead guilty to such violations [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit by December 23, 2024, to potentially become lead plaintiffs and participate in recovery efforts [3]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. Group 3: Law Firm's Role - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [4]. - The firm emphasizes its commitment to responsible business practices and good corporate citizenship [4].