#USA #New York #Levi & Korsinsky #Toronto-Dominion Bank #class action lawsuit

Overview of the Class Action Lawsuit Against TD

Levi & Korsinsky LLP has recently notified investors in The Toronto-Dominion Bank (TD) about a class action lawsuit stemming from alleged securities fraud. This legal action comes as a response to significant losses sustained by investors between February 29, 2024, and October 9, 2024. The law firm is reaching out to those affected to take part in the ongoing case, which seeks to hold TD accountable for its actions during that critical timeframe.

Case Details

On October 10, 2024, TD announced the results of investigations from American authorities, revealing serious financial misconduct that has sent shockwaves through the investment community. Primarily, the lawsuit centers on the bank's admission of guilt regarding failures in its Bank Secrecy Act compliance. This incident marks TD as the largest bank in U.S. history to plead guilty to such violations, including conspiracy charges related to money laundering. Such unprecedented developments have raised alarms among stakeholders and analysts alike, triggering a dramatic decline in TD's stock price.

From a closing price of $63.51 per share on October 9, 2024, TD shares plummeted to $59.44 the next day, continuing its downward trajectory to $57.01 by October 11. This striking drop of over 10.23% within two days highlighted the market's reaction to the alarming revelations surrounding TD's management and regulatory practices.

Investor Participation

For TD investors who have incurred losses in conjunction with these events, it is crucial to note the upcoming deadline. Investors are urged to act by December 21, 2024, if they wish to request the Court to appoint them as lead plaintiffs. However, it’s important to mention that participation in any recovery does not necessitate acting as a lead plaintiff.

No Cost to Participate

One of the benefits for class members in this lawsuit is the assurance of no hidden fees. Potential participants should know that they may be eligible for compensation without any out-of-pocket expenses. This opportunity provides an avenue for affected investors to reclaim some of their losses without the burden of initial costs tied to legal representation.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has spent over two decades advocating for aggrieved shareholders and has successfully secured hundreds of millions in settlements. Notably, it has been recognized as one of the leading firms in securities litigation in the United States, consistently ranking in ISS Securities Class Action Services' Top 50 Report. The firm's experienced team, comprising more than 70 skilled professionals, is dedicated to providing exceptional legal assistance throughout complex litigation processes, which is pivotal for those involved in this class action suit.

Contact Information

Investors wishing to inquire further about their rights or the ongoing lawsuit can reach out directly to Levi & Korsinsky LLP:

• - Contact Person: Joseph E. Levi, Esq.
• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

More information and resources can also be found on their official website www.zlk.com.

Conclusion

As the implications of the allegations against TD unfold, it is imperative for affected investors to stay informed and engaged. The ongoing class action lawsuit serves as a crucial mechanism to address and rectify grievances stemming from the bank's alleged misconduct during the specified period. With the December deadline fast approaching, investors should take proactive steps to ensure their voices are heard and their rights are protected.