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Toronto-Dominion Bank Sued for Compliance Failures in New York

2/11/2025

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Summary

Story summary

Toronto-Dominion Bank faces a securities class action in New York, filed on December 11, with attorneys from A&O Shearman stepping in to defend. The lawsuit, spearheaded by Bleichmar Fonti & Auld, claims the bank hid critical compliance failures related to the Bank Secrecy Act and anti-money laundering measures. Judge Arun Subramanian will oversee the case.

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Story summary

Toronto-Dominion Bank faces a securities class action in New York, filed on December 11, with attorneys from A&O Shearman stepping in to defend. The lawsuit, spearheaded by Bleichmar Fonti & Auld, claims the bank hid critical compliance failures related to the Bank Secrecy Act and anti-money laundering measures. Judge Arun Subramanian will oversee the case.