A securities class action has been filed in the USDC — S.D.N.Y. against The Toronto-Dominion Bank, (TD) (“TD” or the “Company”), on behalf of all those that purchased or otherwise acquired TD securities between February May 29, 2024 and October 9, 2024, both dates inclusive (the “Class Period”).
The Complaint alleges that the defendants disseminated materially false and misleading statements and/or concealed material adverse facts concerning the true state of TD’s AML program; pertinently, TD concealed or otherwise minimized the significance of the failures of the Company’s AML program and made no indication that the imposition of an asset cap or other punitive or compliance measures would be imposed that would undermine TD’s continued growth for the foreseeable future.
On October 10, 2024, the Company unveiled the resolutions reached from the United States investigations leading to the dramatic decline of TD’s common stock to close at $57.01 on October 11, 2024, thereby harming investors.
If you purchased TD securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.