NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 23, 2024 to file lead plaintiff applications in securities class action lawsuits against The Toronto-Dominion Bank (“TD” or the “Company”) (NYSE: TD), if they purchased the Company’s securities between March 7, 2022 and October 9, 2024, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of TD as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-td/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by December 23, 2024.
About the Lawsuits
TD and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 10, 2024, the Company disclosed resolutions reached from investigations by various U.S. Government entities into the Company’s anti-money laundering (“AML”) program compliance with the United States Bank Secrecy Act (“BSA”), which included a punitive payment of $3.09 billion, an asset cap preventing TD’s two U.S. subsidiaries from exceeding a collective $434 billion, and a “more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated.”
On this news, the price of TD’s shares fell from a closing price of $63.51 per share on October 9, 2024 to $59.44 per share on October 10, 2024, and further to $57.01 on October 11, 2024.
The first-filed case is Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032. A subsequent case, Gonzalez v. The Toronto-Dominion Bank, et al., No. 24-cv-09445, expanded the class period.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
