Understanding the TD Mutual Funds Settlement Process

Author: Thomas Cooper Updated: 03-03-2025 08:16 AM

Notice of Settlement Approval and Claim Process

Have you owned units of a TD Mutual Fund, aside from any held via a discount broker? Recently, a significant class action settlement has been announced regarding TD Asset Management Inc. This approval by the Ontario Superior Court of Justice involves a sizeable compensation of C$8,500,000 intended to resolve claims for all individuals who held TD Mutual Fund units at any time prior to the specified cutoff.

Details of the Settlement

This settlement does not imply any admission of liability or wrongdoing on the part of the defendant. Instead, it reflects a practical compromise aiming to address the disputed positions of both parties involved.

Individuals or Class Members who currently hold units of a TD Mutual Fund need not submit any claims for compensation. Instead, funds will be allocated directly to each TD Mutual Fund trust from the net settlement amount.

Instructions for Former Fund Holders

For those no longer holding units of a TD Mutual Fund, a claim must be submitted to receive compensation. To be eligible, these individuals must fill out a Claim Form and send it to the administrator. The URL to submit your claim can be found online.

Deadlines for Filing Claims

Claims must be submitted by the specific deadline to ensure eligibility for compensation. Be proactive in checking all necessary information and submitting any required documentation promptly.

Important Information for Class Members

For further details regarding the class action, please refer to comprehensive resources available for determining your eligibility and the process of making a compensation claim. This information is essential for ensuring that all Class Members understand their rights and the steps they need to take.

Contacting the Claims Administrator

Should you have questions or require assistance during the claim process, reach out to the claims administrator, Verita Global Inc. They can provide guidance and address any inquiries you may have.

Additional Notes on Eligibility

It is crucial to note that this settlement is not intended for individuals who held TD Mutual Fund units through a discount broker. If your situation falls into this category, a separate settlement process may apply.

Guidance for Discount Broker Holders

If you've previously held units of a TD Mutual Fund through a discount broker, like BMO InvestorLine or RBC Direct Investing, additional specific instructions and settlements are available for you. It’s important to stay informed about the available options.

Conclusion

In summary, if you are a Class Member affected by this settlement, take the necessary steps to ensure you understand your rights and the claim process. The approval of this class action settlement represents an important step towards resolving outstanding claims related to trailing commissions associated with TD Mutual Funds.

Frequently Asked Questions

What is the total amount of the settlement?

The total amount of the settlement approved is C$8,500,000.

Do I need to submit a claim if I still own TD Mutual Fund units?

No, if you still hold units, you do not need to submit a claim.

How can I claim compensation if I no longer hold any units?

You will need to submit a Claim Form to the administrator by the specified deadline.

Who should I contact for more information about my status?

You can contact Verita Global Inc. for guidance regarding your claim.

Am I eligible if I held units through a discount broker?

This settlement does not cover those who held units through discount brokers. Separate information and settlement options are available for you.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

I am thrilled to contribute my ideas and engage with a lively investor community at Investors Hangout, where I recently joined the team. My mission is to make finance interesting and approachable so you may take charge of your financial future. I appreciate you coming along on this path to success and financial knowledge.

Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.