TD ALERT: Bragar Eagel & Squire, P.C. Reminds Investors – GlobeNewswire
Bragar Eagel & Squire, P.C., a well-known law firm specializing in stockholder rights, has recently filed a class action lawsuit against The Toronto-Dominion Bank (“TD” or the “Company”) (NYSE: TD). The lawsuit, filed in the United States District Court for the Southern District of New York, is on behalf of all individuals and entities who purchased or acquired TD securities between February 29, 2024, and October 9, 2024 (known as the “Class Period”). If you fall within this category, you have until December 23, 2024, to apply to the Court to be appointed as lead plaintiff.
The crux of the complaint revolves around TD’s unveiling, on October 10, 2024, of resolutions stemming from United States investigations. These resolutions included a punitive payment of $3.09 billion, an asset cap limiting TD’s U.S. subsidiaries to $434 billion collectively (based on September 30, 2024, assets), and stricter approval processes for the Company’s product, service, and market rollouts. Notably, the Department of Justice’s release emphasized TD’s failures as the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures and the first U.S. bank to plead guilty to conspiracy to commit money laundering.
Investors and analysts were taken aback by the extent of TD’s anti-money laundering failures, leading to an immediate reaction in the market. The price of TD’s common stock plummeted from $63.51 per share on October 9, 2024, to $59.44 on October 10, 2024, and further down to $57.01 on October 11, 2024, marking a decline of over 10.23% in just two days.
If you are a TD shareholder who suffered losses during this period, are a long-term investor, have relevant information, or simply want to learn more about the specifics of the case, you are encouraged to reach out to Brandon Walker or Marion Passmore via email at investigations@bespc.com, phone at (212) 355-4648, or by completing the online contact form. Remember, there is no cost or obligation for reaching out to discuss your rights and interests in this matter.
Bragar Eagel & Squire, P.C. is a respected law firm operating nationally with offices in New York, California, and South Carolina. Specializing in representing individual and institutional investors in various types of complex litigation, the firm’s expertise spans commercial, securities, derivative, and other legal matters in state and federal courts across the nation. To learn more about the firm and its services, visit www.bespc.com.
It’s important to note that past results do not guarantee similar outcomes in legal proceedings. For any inquiries or further information, please contact Bragar Eagel & Squire, P.C. through the provided contact details.
