LOS ANGELES, May 1, 2017 /PRNewswire/ -- Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against The Toronto-Dominion Bank ("TD" or the "Company") (TD) concerning possible violations of federal securities laws between December 3, 2015 and March 9, 2017 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May 11, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.
The Complaint alleges that during the Class Period, TD made false and/or misleading statements and/or failed to disclose that: the Company's wealth asset growth and increased fee-based revenue was spurred by a performance management system that led to its employees breaking the law at their customers' expense in order to meet sales targets; that TD illicitly increased customers' credit lines and overdraft protection amounts without their knowledge; that the Company illicitly upgraded customers to higher-fee accounts without their permission; that the Company lied to customers about the risk of its products and services; and that as a result of the above, TD's public statements were materially false and misleading at all relevant times. Upon release of this news, TD's stock price dropped materially, which harmed investors according to the Complaint.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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