Class Action Lawsuit Against Toronto-Dominion Bank Extended Deadline for Shareholders with Losses Exceeding $100,000

Investor Alert: Class Action Lawsuit Against Toronto-Dominion Bank

Former Louisiana Attorney General Charles C. Foti, Jr. and his firm, Kahn Swick & Foti, LLC (KSF), are reaching out to investors impacted by significant losses in Toronto-Dominion Bank (TD) stocks. This announcement is particularly pertinent for those who experienced losses exceeding $100,000 during the designated Class Period, spanning from February 29, 2024, to October 9, 2024. Investors who wish to act have until December 23, 2024, to submit lead plaintiff applications in the ongoing securities class action lawsuit against TD.

Background of the Lawsuit

The case has emerged in response to TD’s alleged failure to disclose critical information that could materially influence investor decisions during the aforementioned period. On October 10, 2024, TD disclosed that it faced penalties totaling $3.09 billion for non-compliance with U.S. anti-money laundering regulations, a situation which also placed a cap on the total assets of its two U.S. subsidiaries. The lawsuit stems from this critical disclosure, which saw TD shares plummet from a closing price of $63.51 on October 9 to $59.44 by the next day, and continuing further down to $57.01 on October 11.

According to the complaint filed under the case title Tiessen v. The Toronto-Dominion Bank et al. (No. 24-cv-08032), TD and specific executives stand accused of violating federal securities laws by withholding indispensable information from investors. This failure has caused significant economic losses for shareholders, and KSF encourages affected individuals to seek information on their rights in relation to any potential compensation.

Next Steps for Investors

If you've purchased TD securities during the Class Period and suffered financial losses, it’s vital to discuss your legal rights and options relating to this lawsuit. Kahn Swick & Foti offers consultation without any financial obligations for affected investors. Those interested in pursuing their case as a lead plaintiff can reach out through KSF’s Managing Partner Lewis Kahn, available at 1-877-515-1850 or via email at [email protected]. Further details can also be found on their official case page at KSF Counsel.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti is recognized as a premier boutique securities litigation law firm in the United States. The firm, operational in several key states including New York, Delaware, California, Louisiana, Chicago, and New Jersey, caters to a diverse clientele such as public institutional investors, hedge funds, and retail investors seeking redress for losses tied to corporate fraud or malpractice. The firm emphasizes justice and recovery for its clients, positioning itself as a formidable advocate in securities litigation.

For those looking to learn more about KSF or for potential partnership inquiries, please visit their website at www.ksfcounsel.com. This message serves as a critical reminder for investors to stay informed and proactive in safeguarding their investment interests.