CANADIAN TD COIN COUNTING CLASS ACTION SETTLEMENT
Settlement Class Members who wish to apply for compensation under the settlement must apply no later than September 16, 2019. Claims that are not made within the deadline will not be eligible for compensation.
Apply for payments using the online claims process at www.TDcoinclassactioncanada.com/portal | Instructions
This website was last updated May 22, 2019
THE CLASS ACTION
A class action was commenced in Ontario on behalf of residents of Canada who used coin counting machines at The Toronto Dominion Bank (“TD Bank”) alleging that the machines did not properly count the deposited coins.
A settlement of the class action has been reached with TD Bank for $555,000. The settlement is subject to court approval. The settlement is not an admission of liability, fault, or wrongdoing.
The aggregate settlement amount, plus interest and less court-approved legal fees and deductions (the “Net Settlement Funds”), are available for compensation to settlement class members. The Net Settlement Amount equals approximately $342,500.
SETTLEMENT CLASS MEMBERS
You may be eligible to be a Settlement Class Member if you used a coin counting machine at TD Bank between January 1, 2013 and May 25, 2016.
DISTRIBUTION OF NET SETTLEMENT FUND
Payments will be distributed on a proportional basis, based on the value of your claim relative to the value of all approved claims. The value of your claim for the purpose of determining your share of the settlement funds will be calculated based on the total value of coins you deposited into a TD coin counting machine.
You must provide some sort of documentation that supports the value of deposited coins that you are claiming. Supporting documentation may include receipts produced by TD coin counting machines or excerpts of bank statements showing the relevant deposits. Claims may be subject to an audit by the Claims Administrator.
Subject to further order of the Court, the settlement funds will be distributed pro rata (proportional) based on the value of your claim relative to the value of all approved claims. All claims will be paid a minimum of $25 for administrative purposes. All claims are capped at 2% of claimed funds deposited. Any excess payments will be distributed cy-pres to the Law Foundation of Ontario charity.
The Court has appointed Trilogy Class Action Services (an independent third-party) to receive and review claims, make determinations in respect of direct payment of settlement benefits and issue payments to eligible settlement class members.
If there is a conflict between the wording of this website, the claims administration portal - the Claim Form, provisions of the Notice (abbreviated, short-form and long-form Notices) and the settlement agreement or Distribution Protocol, the terms of the Settlement Agreement or Distribution Protocol, as applicable, shall prevail.