An investigation on behalf of current long term investors in First Horizon Corporation (NYSE:FHN) shares over possible breaches of fiduciary duty by certain officers and directors of Toronto-Dominion Bank was announced.
San Diego, CA -- (SBWIRE) -- 09/12/2023 -- An investigation was announced for long-term investors in shares of First Horizon Corporation (NYSE: FHN) concerning potential breaches of fiduciary duties by certain directors and officers of Toronto-Dominion Bank.
Investors who are current long term investors in First Horizon Corporation (NYSE: FHN) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in First Horizon Corporation (NYSE: FHN stocks follows a lawsuit filed against Toronto-Dominion Bank over alleged securities laws violations. The investigation on behalf of current long term investors in First Horizon Corporation (NYSE: FHN stocks, concerns whether certain Toronto-Dominion Bank officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that the defendants failed to disclose that TD Bank had deficient internal controls that posed a significant risk to the closing of the First Horizon transaction, that TD Bank allegedly suffered from grossly ineffective internal controls regarding anti-money-laundering practices and failed to appropriately report unusual transactions or suspicious activity to U.S. regulators, that indeed, according to a report published by The Wall Street Journal, in "recent years," TD Bank only "flagged 28 customer transactions" as suspicious, and that as a result, the Office of the Comptroller of the Currency and the U.S. Federal Reserve refused to approve the business combination within the necessary time frames.
Those who purchased shares of First Horizon Corporation (NYSE: FHN) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.