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TD Bank Investors Seek Class Cert. In Fraud Suit

Law360 (May 3, 2019, 6:35 PM EDT) -- TD Bank investors sought class certification Thursday in their suit claiming the bank artificially inflated its stock price by engaging in illegal business practices in its Canadian retail unit, such as lying to customers about the risk of certain products and approving them for loans they were unqualified for.

Ethan Silverman and Mark Blumenthal asked a New Jersey federal court Thursday to certify a class of TD Bank stockholders who allege they were harmed by inflated prices, as it's the most straightforward way to address their common claims. The investors assert they and others bought TD Bank stock at a price...

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New Jersey

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Securities/Commodities

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Date Filed

March 12, 2017

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