TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation

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Insurance Journal - Feb 27, 2023

Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier’s massive Ponzi scheme. Canada’s Toronto-Dominion Bank will pay $1.205 billion, HSBC Holdings Plc will pay $40 …...

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