TD Shareholder Alert: Contact Robbins LLP for Information About The Toronto-Dominion Bank Class Action Lawsuit – Lead Plaintiff Deadline Approaching

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, particularly the U.S. Bank Secrecy Act [1][2]. Group 1: Allegations and Compliance Issues - The lawsuit claims that TD failed to disclose significant issues with its anti-money laundering (AML) program and the potential consequences of these failures, including punitive measures that could hinder the bank's growth [2]. - The complaint highlights that TD concealed the severity of its AML program failures and did not indicate that an asset cap or other compliance measures would be imposed [2]. Group 2: Financial Impact and Stock Performance - On October 10, 2024, TD announced a resolution to investigations related to its 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 [3]. - Following the announcement, TD's stock price dropped from $63.51 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 [3]. 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 [4]. - It is noted that shareholders do not need to actively participate in the case to be eligible for any recovery [4]. 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 [5]. - The firm has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception [5].