The Toronto-Dominion Bank

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of First Horizon Corporation (“First Horizon”) (NYSE: FHN, FHN-PB, FHN-PC, FHN-PD, FHN-PE, FHN-PF) between February 28, 2022 and May 3, 2023, both dates inclusive (the “Class Period”), against The Toronto-Dominion Bank (“TD Bank”) and certain of its officers (collectively “Defendants”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 21, 2023.

If you purchased First Horizon securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:February 28, 2022 through May 3, 2023
If you purchased First Horizon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

The Complaint alleges, that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • TD Bank had deficient controls over AML and suspicious transaction reporting;
  • the lack of controls posed a significant risk to the closing of the First Horizon acquisition;
  • failed to disclose several material weaknesses in TD Bank’s internal control over financial reporting;
  • the deficient AML controls actually caused delay in obtaining the regulatory approvals for the First Horizon acquisition; and
  • as a result, defendants’ positive statements about TD Bank’s risk culture and its ability to timely close the First Horizon transaction were materially false and misleading and/or lacked a reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: The Toronto-Dominion Bank
Class Period: February 28, 2022 through May 3, 2023
Court: United States District Court District of New Jersey

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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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