TD Bank NA and its subsidiary TD Private Client Wealth LLC scored a temporary restraining order in Connecticut federal court in a suit accusing two former employees of breaking nonsolicitation agreements and enticing $25 million in client assets to move with them to Raymond James Financial Services Inc.
TD Bank's planned $13.4 billion acquisition of First Horizon Corp. was hailed as last year's biggest bank mergers and acquisitions deal, but prolonged approval delays and heightened regulatory uncertainty clouded its prospects for months before it was finally called off Thursday.
TD Bank NA has told a New Jersey federal court that it cannot be held liable for the nearly $300,000 that private equity firm Moore Capital Holdings LLC lost in a cyber fraud scheme, saying the bank followed "commercially reasonable security procedures" after a company employee gave confidential information to hackers.
TD Bank Must Face Claims It Opened Accounts, Seized Funds law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
TD Bank Must Face Claims It Opened Accounts, Seized Funds law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.