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Toronto-Dominion Bank Faces Class Action Over Compliance Failures

1/16/2025

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Summary

Story summary

Attorneys from A&O Shearman are stepping up to defend Toronto-Dominion Bank against a securities class action filed on December 11 in New York. The lawsuit, spearheaded by Bleichmar Fonti & Auld, accuses the bank of hiding serious compliance failures related to the Bank Secrecy Act and anti-money laundering measures. The case will be overseen by Judge Arun Subramanian.

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Story summary

Attorneys from A&O Shearman are stepping up to defend Toronto-Dominion Bank against a securities class action filed on December 11 in New York. The lawsuit, spearheaded by Bleichmar Fonti & Auld, accuses the bank of hiding serious compliance failures related to the Bank Secrecy Act and anti-money laundering measures. The case will be overseen by Judge Arun Subramanian.