Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against TD, Edwards, and UPS and Encourages Investors to Contact the Firm - Toronto-Dominion Bank (NYSE:TD), Ed
- The Toronto-Dominion Bank disclosed severe anti-money laundering failures, leading to a stock price decline of over 10%.
- Edwards Lifesciences Corp and United Parcel Service, Inc. face class action lawsuits due to alleged financial misrepresentations affecting their stocks.
- Class action lawsuits aim to protect investors, with deadlines for lead plaintiffs approaching in December 2024.
On October 10, 2024, The Toronto-Dominion Bank disclosed significant findings from U.S. investigations, revealing severe anti-money laundering failures. These revelations shocked investors, contributing to a rapid decline in TD's stock price by more than 10% over two days. In addition to the punitive payment of $3.09 billion, the bank now faces stringent regulatory measures, including an asset cap for its U.S. subsidiaries. Following this, class actions were initiated for investors affected during the class period from February 29 to October 9, 2024, with a lead plaintiff deadline set for December 23, 2024. Similarly, class action lawsuits were filed against Edwards Lifesciences Corp and United Parcel Service, Inc. concerning misrepresented revenue expectations and operations. Edwards faced sharp criticism after poor performance in its TAVR product line led to a staggering 31% drop in stock price on July 25, 2024. The company is under scrutiny for allegedly overstating confidence in its growth amidst pressures from new treatments. UPS also faces claims regarding misleading statements about its anticipated revenue and operating margin. The lawsuit focuses on the company's inability to sustain profitability in the face of increased demand for lower-profit services. For both Edwards and UPS, lead plaintiff deadlines are set for December 13 and December 9, 2024, respectively. Law firm Bragar Eagel & Squire encourages affected investors to step forward and seek legal representation in these ongoing class actions.