Levi & Korsinsky Urges TD Shareholders Ahead of Class Action Deadline

Important Notice for TD Investors

Levi & Korsinsky, LLP has officially notified shareholders of The Toronto-Dominion Bank (commonly referred to as TD) regarding a significant securities class-action lawsuit. This legal action centers on alleged fraudulent activities affecting the bank between February 29, 2024, and October 9, 2024. The firm encourages affected investors to take note of a critical lead plaintiff deadline set for December 23, 2024.

Understanding the Lawsuit

The core issue of this lawsuit revolves around significant discrepancies associated with TD’s handling of its banking practices. Particularly, the allegations stem from the fallout following investigations led by U.S. financial regulators. On October 10, 2024, it was revealed that TD had reached an agreement with the United States government, incurring a hefty penalty of $3.09 billion. Furthermore, the bank faces stringent asset caps and more rigorous approval protocols for its operations. This regulatory scrutiny is notably unprecedented, marking TD as the largest bank to plead guilty to failings pertaining to the Bank Secrecy Act, as well as the first U.S. bank to admit to conspiracy to commit money laundering.

Market Reaction

The immediate reaction of investors to the shocking revelations was stark; TD's stock plummeted from a closing price of $63.51 on October 9 to $59.44 the next day and further down to $57.01 by October 11. This represented a staggering decline of over 10.23% in mere days, reflecting the market's lack of confidence following the scandal.

Taking Action

If you have suffered financial losses during the specified period due to the alleged misconduct of TD, now is the time to act. The deadline to apply for lead plaintiff status is December 23, 2024. It is vital to note that participation in the class action does not require you to take on lead plaintiff responsibilities to be eligible for any possible recovery.

Additionally, participating shareholders can do so at no cost, as class members may be entitled to compensation without incurring any out-of-pocket expenses related to the litigation. Levi & Korsinsky prides itself on its successful track record, having secured substantial settlements for investors over the past 20 years. They possess a dedicated team well-versed in handling complex securities cases, providing extensive support to their clients.

Why Choose Levi & Korsinsky?

Levi & Korsinsky stands as a reputable establishment in the field of securities litigation. They have consistently ranked among the top securities litigation firms in the United States, underscoring their commitment and capability in representing investors' interests. As they continue to work diligently for their clients, they invite all affected TD shareholders to come forward and submit their claims.

For more information, affected shareholders are encouraged to connect with Joseph E. Levi, Esq. via email at [email protected] or by calling (212) 363-7500. Thorough support throughout this process is emphasized, as the firm aims to ensure that investors are informed and duly represented.

Conclusion

As the deadline approaches, impacted TD shareholders must act swiftly to safeguard their rights in this high-stakes lawsuit. Levi & Korsinsky is positioned to guide them through this complex legal landscape, advocating fiercely on their behalf. Don't miss this opportunity to pursue potential compensation for losses incurred due to TD's alleged fraudulent practices.