The Toronto-Dominion Bank (TD) Shareholders with Large Losses Should Contact Shareholder Rights Law Firm Robbins LLP for Information About Their Rights

Core Viewpoint - A class action lawsuit has been filed against The Toronto-Dominion Bank (TD) for allegedly misleading investors regarding its compliance with anti-money laundering regulations [1][2][3]. Group 1: Allegations and Compliance Issues - The lawsuit claims that TD failed to disclose significant issues related to its anti-money laundering (AML) program, which is essential for compliance with the U.S. Bank Secrecy Act (BSA) [3]. - Defendants allegedly concealed the severity of the failures in TD's AML program and did not indicate that punitive measures, such as an asset cap, would be imposed, potentially hindering TD's growth [3]. Group 2: Financial Consequences and Stock Impact - On October 10, 2024, TD announced a resolution to investigations concerning its BSA and AML compliance, which included a punitive payment of $3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion [4]. - Following the announcement, TD's stock price dropped 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, marking a decline of over 10% in just two days [4]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by December 23, 2024 [5]. - It is noted that shareholders do not need to actively participate in the case to be eligible for any recovery [5]. Group 4: Legal Representation - Robbins LLP, the law firm handling the case, operates on a contingency fee basis, meaning shareholders will not incur any fees or expenses unless they recover losses [6][7]. - The firm has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception [7].