BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming May 11, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class of investors who purchased or otherwise acquired The Toronto-Dominion Bank (“TD Bank” or the “Company”) (NYSE: TD) securities between December 3, 2015 through March 9, 2017, inclusive (the “Class Period”). TD Bank investors have until May 11, 2017 to file a lead plaintiff motion.
The complaint filed in this lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed that: (1) TD's wealth asset growth and increased fee-based revenue was spurred by a performance management system that steered to its employees breaking the law at their customers’ expense in order to meet sales targets; (2) TD illegitimately increased customer's lines of credit and overdraft protection amounts without their knowledge; (3) TD illegitimately upgraded customers to higher-fee accounts without informing them; (4) TD lied to customers as to the risk of its products; and (5) consequently, defendants' statements about TD's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you purchased TD Bank securities, you may move the Court no later than May 11, 2017 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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