The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of The Toronto-Dominion Bank(TD) Shareholders

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [2]. Group 1: Legal and Financial Implications - TD's guilty plea marks it as the largest bank in U.S. history to admit to such failures, leading to a punitive payment of$3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion [2]. - Following the announcement on October 10, 2024, TD's stock price dropped from$63.51 to $59.44 on October 10, and further to$57.01 on October 11, representing a decline of over 10.23% within two days [2]. Group 2: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline for lead plaintiff applications set for December 21, 2024 [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [3].