The Law Offices of Frank R. Cruz Announces Investigation of The Toronto-Dominion Bank (TD) on Behalf of Investors

Business Wire 21-Oct-2024 4:25 PM

The Law Offices of Frank R. Cruz announces an investigation of The Toronto-Dominion Bank ("TD" or the "Company") (NYSE:TD) on behalf of investors concerning the Company's possible violations of federal securities laws.

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On October 10, 2024, news outlets reported that TD had plead guilty to criminal money-laundering-related charges and agreed to pay more than $3 billion in fines to the U.S. Department of Justice, the Federal Reserve, the Comptroller of the Currency, and the Treasury Department's Financial Crimes Enforcement Network. News outlets further reported the Comptroller of the Currency imposed an "asset cap" which limits the Company's growth until it complies with remedial actions specified by regulators.

On this news, TD's stock price fell $6.50, or 10.5%, over two consecutive trading days, to close at $57.01 per share on October 11, 2024, thereby injuring investors.

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If you purchased TD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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