NOTICE OF INQUIRY: Law firm Schall urges Toronto-Dominion Bank investors with $100,000 losses to contact firm


LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors in The Toronto-Dominion Bank (“TD” or “the ”) (NYSE: TD) for violating securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. TD is subject to a CNBC article published on June 15, 2022, titled: “Sen. Warren is asking the banking regulator to reject the $13.4 billion acquisition of TD after a report of customer abuse. According to the article, “In a letter sent Tuesday to the Office of the Comptroller of the Currency obtained exclusively by CNBC, Warren cited a May 4 report from the Capitol Forum…which alleged that TD had used tactics similar to those of the fake accounts. Wells Fargo. scandal.” The article adds, “Workers were instructed to set up four new accounts for each customer – checking, savings, online and a debit card – and opened accounts even if a consumer refused the one of the options, according to the Capitol Forum report. It was one of several strategies cited by the news agency, including fabricating reasons such as fraud alerts to call consumers in hopes of Convincing them to open more accounts, opening new accounts rather than just replacing missing debit cards, and misrepresenting key aspects of overdraft programs to encourage adoption.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.


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