TD News: Johnson Fistel, Globally-Recognized Law Firm, Investigates Short Report Claims
SAN DIEGO, July 7, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Toronto-Dominion Bank (“Company”) (NYSE: TD), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focus on investors’ losses and whether they may be recovered under the federal securities laws.
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What is Johnson Fistel investigating? On July 7, 2022, The Bear Cave, a short seller, issued a report alleging multiple claims against the company. The report states that in May of 2022, The Capitol Forum found widespread sales practice issues at TD Bank and found that TD Bank employees “wrongly pressured customers into opening accounts and using banking services they didn’t want.” Last month, Senator Elizabeth Warren asked regulators to “closely examine any ongoing wrongdoing.” Today, an analysis by The Bear Cave finds that TD Bank has more fraudulent account opening complaints than every other bank except Wells Fargo. In addition, hundreds of consumer complaints reviewed by The Bear Cave show a pattern of misconduct regarding fraudulent accounts, unnecessary products, and excessive fees. In sum, TD Bank appears to be a losing proposition that victimizes customers.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class action and derivative lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com