If you purchased, or otherwise acquired, the U.S.-traded common stock of The Toronto-Dominion Bank (“TD”) (NYSE: TD) between December 3, 2015 and March 9, 2017, both dates inclusive (the “Settlement Class Period”), you could be entitled to a payment from a class action settlement (the “Settlement”).
The Court held a Settlement Hearing on October 3, 2019 to decide whether to approve the Settlement. On October 4, 2019, the Court entered an Order and Final Judgment finding, among other things, that the Settlement was fair, reasonable, and adequate and in the best interests of the Settlement Class (you can view the Order and Final Judgment here). The Settlement provides a gross amount of thirteen million two hundred fifty thousand U.S. dollars (USD $13,250,000.00) (the “Settlement Amount”), plus interest earned thereon, minus attorneys’ fees, costs, administrative expenses, and any compensatory awards to the Plaintiffs, and net of any taxes, to pay claims of investors who purchased or otherwise acquired U.S.-traded TD common stock during the Settlement Class Period. The Settlement encompasses only transactions in TD’s U.S.-traded stock. Any transactions in TD stock on a non-U.S. exchange, such as the Toronto Stock Exchange (TSX), are excluded.
Pursuant to the Court’s Order and Final Judgment, all Proofs of Claim submitted by Settlement Class Members that were received up to and including October 3, 2019 were considered timely and were evaluated to determine whether they are otherwise valid. Pursuant to the Court's Order of Final Distribution of Net Settlement Fund, the Net Settlement Fund was distributed to Authorized Claimants. The initial distribution commenced on May 29, 2020.
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.
Your legal rights will be affected whether you act or do not act. If you do not act, you may permanently forfeit your right to recover on any claim you might have. Therefore, you should read the Long Form Notice carefully.