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New York, NY–(Newsfile Corp. – December 14, 2024) – WHY: The Rosen Law Firm, a global investor rights law firm, reminds securities buyers of The Toronto-Dominion Bank (NOT: TSKS:) between February 29, 2024 and October 9, 2024, inclusive of both dates (“Teaching Period”), important December 23, 2024 deadline for the chief prosecutor.
SO WHAT: If you purchased TD securities during the Class Period, you may be entitled to reimbursement without paying any fees or out-of-pocket expenses through a contingency fee arrangement.
WHAT’S NEXT: To join the TD Class Action, go to https://rosenlegal.com/submit-form/?case_id=30006 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you want to be the chief prosecutor, you have to move the court no later than December 23, 2024. The lead plaintiff is the representative party acting on behalf of other class members in the conduct of the litigation.
WHY ROSEN LAW: We encourage investors to select a qualified advisor with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any significant peer recognition. Many of these firms do not actually litigate securities class actions, but are merely brokers who refer clients or partners with the law firms that actually litigate the cases. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice on securities class actions and shareholder derivative litigation. The Rosen Law Firm achieved the largest securities settlement against a Chinese company at that time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (VA:) Services for the number of securities 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 firm secured over $438 million for investors. In 2020, founding partner Lawrence Rosen was named a Titan of the Plaintiffs Bar Association by Law360. Lovedragon and Super Laviers have recognized many of the firm’s lawyers.
CASE DETAILS: According to the lawsuit, the defendants provided investors with material information regarding the scope of the issues related to TD’s anti-money laundering (“AML”) program used to comply with the United States Bank Secrecy Act (“BSA”), the ability defendants to “fix” those issues, as well as punitive and corrective compliance measures that are likely to be imposed on TD through the resolution of these investigations. Defendants’ statements included, among other things, trusting TD’s optimistic claims to update and fix the existing anti-money laundering program, citing a full understanding of the scope of the problems facing the program, and setting aside specific interim estimates regarding the monetary impact of the penalty. and measures of respect for which are believed to be imposed.
Defendants made these extremely positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts regarding the true state of TD’s AML program; in this regard, TD concealed or otherwise downplayed the failure of TD’s anti-money laundering program and gave no indication that asset restrictions or other punitive or compliance measures would be imposed that would undermine TD’s continued growth in the foreseeable future. Such statements without these material facts led shareholders to purchase TD securities at artificially inflated prices. When the true details came to market, the lawsuit claims investors suffered damages.
To join the TD class action, go to https://rosenlegal.com/submit-form/?case_id=30006 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for class action information.
No class is certified. Until the class is certified, you are not represented by an attorney unless you retain one. You can choose a lawyer of your choice. You can also remain an absent member of the class and do nothing at this time. An investor’s ability to participate in a potential future recovery does not depend on whether it is the lead plaintiff.
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To view the original version of this press release, visit https://www.nevsfilecorp.com/release/233807
