New York, New York–(Newsfile Corp. – December 21, 2024)– Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of The Toronto Dominion Bank (NYSE: TSX:) between March 7, 2022 and October 9, 2024, both dates inclusive (the “Class Period”), it is important December 21, 2024 Lead Plaintiff Deadline.
so what: If you purchase TD securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the TD class action, go to https://rosenlegal.com/submit-form/?case_id=30006 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than December 21, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these firms do not actually file securities class actions, but are merely brokers who refer clients or partner with the law firms that actually file the lawsuits. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the Complaint, the statements made during the Class Period were materially false and/or misleading because from January 2014 to October 2023, “pervasive deficiencies” and “systemic deficiencies” plagued our anti-money laundering (“AML”) controls. In TD). Despite “known” and “glaring” deficiencies, TD “chose profits over compliance” and “failed to adequately fund and staff its AML program, choosing to postpone and cancel necessary AML projects” to keep its costs low as “TD Bank's senior executives have imposed a budget mandate, referred to internally as the 'fixed cost model,' which requires TD Bank's budget not to increase on an annual basis.” As a result, from January 2018 to April 2024, TD failed to adequately monitor the vast majority of its total transactions allowing criminals to launder hundreds of millions of dollars using TD's proprietary banking products and services. Given this, TD was eventually forced to pay more than $3 billion in fines and penalties to regulators and the OCC imposed asset caps on TD's US business, stifling its growth. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the TD class action, go to https://rosenlegal.com/submit-form/?case_id=30006 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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