ROSEN, TRUSTED INVESTOR COUNSEL Encourages The Toronto-Dominion Bank Investors to Secure Counsel Before Important Deadline in Securities Class Action - TD
- A class action lawsuit has been filed for purchasers of The Toronto-Dominion Bank securities during a designated Class Period.
- The lawsuit claims the bank provided misleading information regarding its anti-money laundering program and compliance measures.
- Affected investors are advised to move quickly for potential compensation before the lead plaintiff deadline of December 23, 2024.
On October 28, 2024, Rosen Law Firm announced a class action lawsuit concerning The Toronto-Dominion Bank, which occurred in the United States. The lawsuit is on behalf of individuals who purchased securities between February 29 and October 9, 2024. Investors are encouraged to act before a December 23, 2024 deadline to serve as lead plaintiff, which would allow them to represent other affected investors while pursuing compensation without upfront fees. The lawsuit stems from alleged misleading statements regarding the bank's anti-money laundering program and its compliance with the Bank Secrecy Act. It criticized the bank's management for downplaying the severity of issues within its AML operations while projecting unnecessary optimism to investors. The Rosen Law Firm, well-regarded for its investor rights work, emphasizes the importance of selecting experienced legal counsel in securities class actions, especially given the stakes involved in this case.