NEW YORK, NY / ACCESS WIRE / November 17, 2024 / If you have suffered a loss on your The Toronto Dominion Bank (NYSE:TD) investing and would like to learn more about a potential recovery under the federal securities laws, follow the link below for more information:
or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak with our team of experienced shareholder attorneys.
THE LAWSUIT: A class action lawsuit was filed against The Toronto-Dominion Bank, seeking to recover losses from shareholders adversely affected by alleged securities fraud between February 29, 2024 and October 9, 2024.
CASE DETAILS: According to the complaint, on October 10, 2024, TD announced the resolutions reached from investigations in the United States, which, in addition to the $3.09 billion punitive payment, included an asset cap, limiting TD’s U.S. subsidiaries to a combined $434 billion could not exceed. reflective of the company’s assets as of September 30, 2024, and further subjects TD to more stringent approval processes for its product, service and market rollouts. Furthermore, in its own press release, the Justice Department emphasized the significance of TD’s failure as “the largest bank in U.S. history to plead guilty to the failure of the Bank Secrecy Act program, and the first U.S. bank in history who pleaded guilty to conspiracy to commit money laundering.”
The revelation of the extent of the company’s anti-money laundering failures surprised both investors and analysts as they immediately reacted to the revelations. The price of TD’s common stock fell dramatically. From a closing price of $63.51 per share on October 9, 2024, TD’s stock price fell to $59.44 per share on October 10, 2024, and further to $57.01 on October 11, 2024, a decline of more than 10.23% in the period of 2024. only two days.
WHAT’S NEXT? If you suffered a loss in TD shares during the relevant time frame (even if you still own your shares), please visit for more information about your rights to seek redress. There are no costs or obligations associated with participation.
WHY LEVI & KORSINSKY: Over the past two decades, Levi & Korsinsky LLP has emerged as a nationally recognized securities litigation firm, securing hundreds of millions of dollars for injured shareholders and building a track record of winning high-stakes cases. The firm has extensive expertise in representing investors in complex securities litigation and has a team of more than 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities law firms in the United States. Advertising lawyer. Previous results do not guarantee comparable results.
CONTACT:
Levi & Korsinski, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinski, LLP
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