Case Summary
Himelfarb Proszanski LLP commenced a proposed global class action on behalf of all TD shareholders against the Toronto-Dominion Bank (“TD”) and various individual directors and officers (the “Individual Defendants”).
The action relates to alleged misrepresentations made by TD in relation to the effectiveness of its anti-money laundering controls and the existence of criminal and regulatory investigations into the alleged failings in TD’s AML Controls. It is alleged that TD made these misrepresentations in its public disclosure documents and in public oral statements.
The action seeks to recover damages suffered by shareholders as a result of TD’s share price dropping when its alleged misrepresentations were corrected through media reports and TD’s own allegedly delayed admissions.
Click here to access further details of the class action in English
Click here to access further details of the class action in French