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Toronto-Dominion Bank Faces Lawsuit Over Compliance Failures

1/26/2025

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Summary

Story summary

A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank in a securities class action lawsuit filed on December 11 in New York. The suit alleges that the bank hid critical compliance failures related to the Bank Secrecy Act and anti-money laundering regulations. The case will be overseen by U.S. District Judge Arun Subramanian.

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Story summary

A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank in a securities class action lawsuit filed on December 11 in New York. The suit alleges that the bank hid critical compliance failures related to the Bank Secrecy Act and anti-money laundering regulations. The case will be overseen by U.S. District Judge Arun Subramanian.