#United States #New York #Class Action #Toronto-Dominion Bank #TG Gross Law Firm

Key Notice for Shareholders of Toronto-Dominion Bank

Invitation to Join Class Action
The Gross Law Firm has officially notified shareholders of the Toronto-Dominion Bank (TD) regarding an impending class action lawsuit. This opportunity is intended for all shareholders who purchased TD shares during the specified class period, namely from February 29, 2024, to October 9, 2024. Potential plaintiffs are encouraged to reach out to the firm for lead plaintiff appointments, though it is crucial to note that such involvement is not a prerequisite for participating in the financial recovery process.

Significant Allegations Unveiled
The precipitating factors for this class action stem from extensive investigations that culminated on October 10, 2024. On that date, TD disclosed resolutions related to multiple investigations in the United States, revealing profound implications including a staggering $3.09 billion punitive payment and an asset cap. This asset cap restricts TD’s U.S. subsidiaries from surpassing a collective asset threshold of $434 billion as measured on September 30, 2024. Furthermore, these measures will subject TD to more rigorous procedures for product, service, and market introductions. This situation was exacerbated by the Department of Justice's announcement that highlighted TD's unprecedented failings, marking it as the largest bank in U.S. history to accept guilt regarding violations of the Bank Secrecy Act.

The market reaction following TD's admissions was swift and severely detrimental. The announcement shocked investors, prompting a steep decline in TD's stock price—from $63.51 per share at close on October 9, 2024, to $59.44 the following day, eventually plummeting to $57.01 by October 11, 2024. This represents a sharp drop of over 10% within a mere 48 hours.

Crucial Deadline to Register
The time frame for shareholders to register their interest in this class action is limited. December 21, 2024, marks the final date for interested shareholders to participate. All prospective participants can register their details via the provided link:
Register Here

Once registered, affected shareholders will gain access to a portfolio monitoring tool that will keep them informed of the case's developments. Importantly, there is no financial risk or obligation tied to joining this lawsuit.

Why Choose The Gross Law Firm?
The Gross Law Firm is a well-established and nationally recognized entity that specializes in class action lawsuits. Their foundational mission is to safeguard the interests of investors who have fallen victim to deceptive practices, fraud, and other forms of corporate malpractice. With a robust determination to hold companies accountable for their actions, the firm actively seeks recompense for investors whose losses stem from misinformation that led to distorted stock valuations.

In summary, shareholders of the Toronto-Dominion Bank who have been impacted by these recent events are strongly advised to act promptly. Engaging with The Gross Law Firm could potentially lead to compensation for financial losses suffered during this tumultuous period.

For further inquiries, shareholders may contact The Gross Law Firm directly:

• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903