The Toronto-Dominion Bank
Period: Dec 3, 2015 to Mar 9, 2017
Lead Plaintiff Deadline: May 11, 2017
Summary of Case:
A securities class action has been filed against The Toronto-Dominion Bank (TD) on behalf of all persons and entities who purchased or otherwise acquired the publicly traded securities of The Toronto-Dominion Bank ("TD" or the "Company") traded on the New York Stock Exchange between December 3, 2015 through March 9, 2017. This case has been filed in the USDC - New Jersey.
The Complaint alleges that throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) TD's wealth asset growth and increased fee-based revenue was spurred by a performance management system that led to its employees breaking the law at their customer's expense in order to meet sales targets; (2) the Company illicitly increased customer's lines of credit and overdraft protection amounts without their knowledge; (3) TD illicitly upgraded customers to higher-fee accounts without informing them; (4) the Company lied to customers as to the risk of TD's products; and (5) as a result, defendants' statements about TD business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.