The Gross Law Firm Reminds TD Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 21, 2024 - 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 [2]. Group 1: Legal and Financial Implications - TD's class period for shareholder claims is from March 7, 2022, to October 9, 2024, with a deadline for lead plaintiff registration set for December 21, 2024 [3]. - The bank's guilty plea marks it as the largest bank in U.S. history to admit to such failures, leading to a dramatic stock price decline of over 10.23% within two days, from $63.51 to $57.01 per share [2]. - The U.S. Department of Justice emphasized the severity of TD's failures, which include an asset cap limiting its U.S. subsidiaries to a collective $434 billion [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit to monitor their investment status and participate in potential recovery efforts [3]. - The Gross Law Firm, representing affected shareholders, aims to protect investor rights and ensure accountability for misleading corporate practices [4].