MONTREAL--(BUSINESS WIRE)--The law firm of Faguy & Co. Barristers and Solicitors Inc. announces that on June 21st, 2019, the Honorable Mr. Justice Morrison of the Superior Court of the Province of Québec authorized the bringing of a civil liability and securities class action against Toronto-Dominion Bank (“TD”) in Court File No. 500-06-000914-180. The allegations made in the class action have not been proven and are contested by TD.
The class action is brought on behalf of all persons and entities that acquired TD’s securities between December 3, 2015 and March 9, 2017 (the “Class Period”) and held all or some of those acquired TD securities until after March 9, 2017, other than stock traded on a United States exchange. You are a member of the class action if you meet this description.
The class action asserts that TD released documents and made statements containing false and misleading information relating to its Canadian Retail Business Segment and the implementation of a Pressure Selling Program. It is alleged that when the misrepresentations and omissions of fact were publicly corrected, TD’s securities dropped significantly in value causing the class members damages.
Details of the authorization of the class action, including the process for Class Members to opt-out of the class action prior to August 2, 2019 are available by consulting the link below.
The judgments of the Superior Court of Québec and other information in both English and French are available on class counsel’s website at http://faguyco.com/portfolio/toronto-dominion-class-action/ as well as on the Registre des actions collectives at https://www.registredesactionscollectives.quebec/en/Consulter/ApercuDemande?NoDossier=500-06-000914-180.