LOS ANGELES, CA / ACCESSWIRE / March 27, 2017 / 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.
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 choose to 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. When this news was revealed, shares of TD fell in value, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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SOURCE: Lundin Law PC