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Toronto-Dominion Bank Sued Over Compliance Failures

1/22/2025

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Summary

Story summary

Toronto-Dominion Bank faces a securities class action lawsuit filed in New York, alleging it hid critical compliance failures related to the Bank Secrecy Act and anti-money laundering measures. The case, now under the watchful eye of U.S. District Judge Arun Subramanian, sees attorneys from A&O Shearman stepping in to defend the bank's reputation.

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Story summary

Toronto-Dominion Bank faces a securities class action lawsuit filed in New York, alleging it hid critical compliance failures related to the Bank Secrecy Act and anti-money laundering measures. The case, now under the watchful eye of U.S. District Judge Arun Subramanian, sees attorneys from A&O Shearman stepping in to defend the bank's reputation.