TD INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that The Toronto-Dominion Bank Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit

Core Viewpoint - The Toronto-Dominion Bank is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, particularly concerning its anti-money laundering program and subsequent penalties imposed by U.S. authorities [1][4][5]. Group 1: Lawsuit Details - The class action lawsuit, titled Tiessen v. The Toronto-Dominion Bank, allows purchasers of TD Bank securities from February 29, 2024, to October 9, 2024, to seek lead plaintiff status by December 23, 2024 [1][6]. - Allegations include that TD Bank made false or misleading statements regarding its anti-money laundering (AML) program and failed to disclose significant failures that could impact its growth [4][5]. - On October 10, 2024, TD Bank announced a $3.09 billion penalty and an asset cap of $434 billion, which reflects its assets as of September 30, 2024, leading to a stock price drop of over 10% [5]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired TD Bank securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6]. - The lead plaintiff can choose a law firm to represent them, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases, making it a leader in the field [7].