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News / A Lawsuit Launched Against TD Bank For Anti-Money-Laundering Issues

A Lawsuit Launched Against TD Bank For Anti-Money-Laundering Issues

The proposed class action is initiated by Sotos Class Actions on behalf of stockholders.

03 min read

The alleged lawsuit has been launched against Toronto-Dominion Bank, based on investigations into the financial institution’s anti-money-laundering program in the United States.

The suit filed by Sotos Class Actions is on behalf of shareholders who have invested in and bought TD shares from 26th Aug 2021 to 3rd June 2024, according to sources.

It claims that TD concealed systemic flaws in its anti-money-laundering procedures, which led to a sharp decline in TD’s stock price upon the revelation of the flaws.

According to