NEW ORLEANS, Nov. 13, 2024 (GLOBE NEWSWIRE) โ ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 23, 2024 to file lead plaintiff applications in a securities class action lawsuit against The Toronto-Dominion Bank (โTDโ or the โCompanyโ) (NYSE: TD), if they purchased the Companyโs securities between February 29, 2024 to October 9, 2024, inclusive (the โClass Periodโ). This action is pending in the United States District Court for the Southern District of New York.
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TD investors should visit us at https://claimsfiler.com/cases/nyse-td-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
TD and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 10, 2024, the Company disclosed resolutions reached from investigations by various U.S. Government entities into the Companyโs anti-money laundering (โAMLโ) program compliance with the United States Bank Secrecy Act (โBSAโ), which included a punitive payment of $3.09 billion, an asset cap preventing TDโs two U.S. subsidiaries from exceeding a collective $434 billion, and a โmore stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated.โ
On this news, the price of TDโs shares fell from a closing price of $63.51 per share on October 9, 2024 to $59.44 per share on October 10, 2024, and further to $57.01 on October 11, 2024.
The case is Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032.
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