NEW YORK, March 31, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of The Toronto-Dominion Bank securities (NYSE:TD) from December 3, 2015 through March 9, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for TD Bank investors under the federal securities laws.
To join the TD Bank class action, go to http://www.rosenlegal.com/cases-1079.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) TD Bank’s wealth asset growth and increased fee-based revenue was spurred by a performance management system that led to its employees breaking the law at their customers’ expense in order to meet sales targets; (2) TD Bank illicitly increased customers’ lines of credit and overdraft protection amounts without their knowledge; (3) TD Bank illicitly upgraded customers to higher-fee accounts without informing them; (4) TD Bank lied to customers as to the risk of TD Bank’s products; and (5) as a result, defendants’ statements about TD Bank’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1079.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.