San Diego, CA -- (SBWire) -- 09/26/2022 --An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at The Toronto-Dominion Bank.
Investors who purchased shares of The Toronto-Dominion Bank (NYSE: TD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain The Toronto-Dominion Bank officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Canada based The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. The Toronto-Dominion Bank reported that its Total Revenue declined from over 43.28 billion CAD for the 12 months period that ended on October 31, 2020, to 42.26 billion CAD for the 12 months period that ended on October 31, 2021, and that its Net Income over those respective time periods increased from over 11.89 billion CAD to over 14.37 billion CAD.
On June 15, 2022, CNBC reported that "Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion Bank's $13.4 billion acquisition of a regional U.S. bank because of allegations of customer abuse. In a letter sent Tuesday to the Office of the Comptroller of the Currency obtained exclusively by CNBC, Warren cited a May 4 report by Capitol Forum, a Washington-based investigative news outfit, that alleged that TD used tactics similar to those in the Wells Fargo fake accounts scandal."
The Toronto-Dominion Bank is seeking regulatory approval for the acquisition of Tennessee-based First Horizon.
Shares of The Toronto-Dominion Bank (NYSE: TD) closed on August 9, 2022, at $64.25 per share
Those who purchased shares of The Toronto-Dominion Bank (NYSE: TD) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
The Toronto-Dominion Bank (NYSE:TD) Investor Alert: Investigation over Possible Breaches of Fiduciary Duties
An investigation on behalf of investors in The Toronto-Dominion Bank (NYSE:TD) shares over potential wrongdoing at The Toronto-Dominion Bank was announced.