The Toronto-Dominion Bank Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – TD

Core 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 [3]. Group 1: Legal and Financial Implications - TD has been ordered to pay a punitive amount of $3.09 billion as part of the resolution from U.S. investigations [3]. - An asset cap has been imposed, limiting TD's U.S. subsidiaries to a collective total of $434 billion, reflecting the company's assets as of September 30, 2024 [3]. - The Department of Justice highlighted TD's failures as the largest in U.S. history regarding Bank Secrecy Act violations and the first bank to plead guilty to money laundering conspiracy [3]. Group 2: Market Reaction - Following the announcement of the investigations and penalties, 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 10.23% within two days [3]. Group 3: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline set for December 21, 2024 [4]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4].