First Horizon Corporation (FHN)
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Toronto-Dominion Bank (“TD Bank”) and several of its officers on behalf of all persons or entities that purchased or otherwise acquired securities of First Horizon Corporation (“First Horizon”) (NYSE: FHN) between February 28, 2022 and May 3, 2023, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The Complaint alleges that Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about TD Bank’s operations, the risks associated with the timing for the closing of the First Horizon acquisition, and TD Bank’s ability to obtain the necessary regulatory approvals to make the statements made, in light of the circumstances under which they were made, not false and misleading. Specifically, the Complaint alleges that Defendants misrepresented and/or failed to disclose to the market that: (1) TD Bank had deficient controls over AML and suspicious transaction reporting; (2) that the lack of controls posed a significant risk to the closing of the First Horizon acquisition; and (3) that the deficient AML controls actually caused a delay in obtaining the regulatory approvals for the First Horizon acquisition. As a result, Defendants’ positive statements about TD Bank’s risk culture and its ability to timely close the First Horizon transaction were materially false and misleading and/or lacked a reasonable basis at all relevant times.
A class action lawsuit has already been filed. You can review a copy of the Complaint or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in First Horizon, you have until July 21, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.