Settlement agreement reached in our class action against TD Bank
A settlement agreement has been reached between The Toronto-Dominion Bank (“TD Bank”) and the class representative. The settlement agreement provides for payment of $ 15 000 000 by TD Bank, to be distributed between class members on a pro rata basis, with reference to their level of indebtedness on their home equity line of credit in September 2009. The settlement agreement must be approved by the Superior Court before coming into force. We will submit the settlement agreement and our firm’s legal fees for approval to the Honourable David R. Collier of the Superior Court on October 15th, 2019 at 9:30 am in Room 2.08 of the Montreal Courthouse.
Here is the official notice of the settlement approval hearing which was approved by the Court – it contains important information on class members’ rights.
You can also review the full settlement agreement and compensation protocol.
For more information on the case, please see also our webpage for this class action.