NYSE: TD

The Toronto-Dominion Bank

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of The Toronto-Dominion Bank (NYSE: TD) resulting from allegations that TD may have issued materially misleading business information to the investing public.

If you purchased TD securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased TD securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On June 15, 2022, during trading hours and later updated after trading hours, CNBC published an article entitled “Sen. Warren asks bank regulator to reject TD’s $13.4 billion acquisition after customer-abuse report” which stated that “In a letter sent Tuesday to the Office of the Comptroller of the Currency obtained exclusively by CNBC, Warren cited a May 4 report by Capitol Forum … that alleged that TD used tactics similar to those in the Wells Fargo fake accounts scandal.” The article further stated that “[w]orkers were instructed to create four new accounts for each customer — checking, savings, online and a debit card — and opened accounts even if a consumer declined one of the options, according to the Capitol Forum report. That was one of several strategies cited by the news organization, including fabricating reasons such as fraud alerts to call consumers in the hope of convincing them to open more accounts, opening new accounts rather than simply replacing missing debit cards, and misstating key aspects of overdraft programs to encourage their adoption.”

On this news, TD’s stock price fell $2.37 per share, or 3.4%, over the next full trading day from its close on June 14, 2022, to close at $66.61 per share on June 16, 2022, damaging investors.

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Company Name: The Toronto-Dominion Bank
Stock Symbol: TD
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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