May 10, 2022
Class counsel who hatched a $41.5 million settlement with TD Bank over allegedly unfair fees it charged customers will receive $5.4 million in compensation from the deal, or about half of what they initially sought, after a Manhattan federal judge disagreed with the way in which they valued their work on behalf of the class.
May 18, 2021
Toronto-Dominion Bank and a proposed class of customers alleging it charged them millions in unlawful fees have reached a $41.5 million settlement that includes cash payments and debt forgiveness, the customers told a Manhattan federal judge Monday.