The statements below are Rochon Genova’s account of this case. They reflect allegations or the firm’s position and have not been determined by a court unless a settlement or judgment is noted.
About This Case
Proposed global class action on behalf of all TD shareholders against the Toronto-Dominion Bank (“TD”) and various individual directors and officers (the “Individual Defendants”).
The action relates to alleged misrepresentations made by TD in relation to the effectiveness of its anti-money laundering controls (“AML Controls”) and the existence of criminal and regulatory investigations into the alleged failings in TD’s AML Controls. It is alleged that TD made these misrepresentations in its public disclosure documents and in public oral statements.
The action seeks to recover damages suffered by shareholders as a result of TD’s share price dropping when its alleged misrepresentations were corrected through media reports and TD’s own allegedly delayed admissions.
Source: Rochon Genova
Who May Be Eligible
All persons or entities, wherever they are resident, who acquired TD Bank securities during the period from May 27, 2021 to October 9, 2024 (“Class Period”) and held some or all of those securities through one or more of the public correction dates: May 8, 2023, August 24, 2023, January 8, 2024, April 30, 2024, May 2, 2024, May 3, 2024, August 22, 2024, or October 9-10, 2024. The Class excludes the Defendants’ subsidiaries, affiliates, officers, directors, senior employees, partners, legal representatives, heirs, predecessors, successors, assignees, and the immediate family members of the Individual Defendants.
Source: Rochon Genova
Disclaimer: This information is sourced from Rochon Genova. It is provided for general information only and does not constitute legal advice. Always verify details with the original source before taking any action.
Legal disclaimer: Information on this page is general in nature and does not constitute legal advice. ClaimBar tracks class action settlements and provides updates. Always seek professional legal advice for your specific circumstances.
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