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TD.TO
id: 1217

TD Bank (TD) Canadian Investor Settlement

The settlement funds have been distributed to claimants.
$22,000,000
Cash Settlement
500-06-000914-180
Case number
12/03/2015
Class period Start
03/09/2017
Class period End
05/13/2024
Claim deadline

TD Bank (TD) agreed to settle CAD $22M with investors to end claims related to the unethical sales program and the financial misrepresentation.

Case Type
Canadian Securities Class Action
Case Status
Disbursed
Alleged Offence
Mismanagement, 
Misleading Statements, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Majestic Asset Management and Turn8 Partners Inc.
Attorneys
Faguy & Co.
Trades matching type
FIFO

Frequently Asked Questions

Who is eligible for this settlement?

All persons and entities who purchased securities of The Toronto-Dominion Bank on or after December 3, 2015 and held all or some of those securities until after the close of trading on March 9, 2017.

All persons or entities who purchased or otherwise acquired an interest in one or more of the TD Mutual Funds between November 1, 2012 and November 30, 2016, inclusive, and were damaged thereby.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

How long does the payout process take?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

What is 11thestate?

11thestate is an investor recovery company, we help investors to track and collect securities class action settlements. We will:

  1. Prepare documents for your payout

  2. Audit the claim and make sure you get the maximum possible payout

  3. File a claim with the settlement administration

  4. Correspond with the settlement administration to resolve emerging issues

  5. Deliver payout directly to your brokerage account

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.