DID YOU USE A TD COIN COUNTING MACHINE BETWEEN
JANUARY 1, 2013 AND MAY 25, 2016?
If so, you might be affected by a class action settlement.
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.
SETTLEMENT CLASS MEMBERS
You may be a member of the settlement class if you used a coin counting machine at TD Bank between January 1, 2013 and May 25, 2016.
If you want to be a member of the TD Coin Counting class action, you do not need to do anything.
However, there are two steps that you should take to protect your legal rights: 1) You should keep record of any deposits you made to a TD coin counting machine from January 1, 2013 to May 25, 2016. Records include receipts and bank statements showing direct deposits. 2) Please see “Registration” section on this website to register as a Class Member.
Settlement class members have the right to exclude themselves from the class action (“opt-out”). If you opt-out you will not be eligible to participate in, or receive money from, the ongoing class action, but you will be able to start or continue your own case regarding the claims at issue. If you do nothing you will be eligible to participate in, and may receive money from, the ongoing class action, but you will not be able to start or continue your own case regarding the claims at issue.
If you wish to opt-out, you must submit a request to opt-out post-marked no later than April 5, 2019 to Sotos LLP.
Please see “Opt Out” section of this website for information and the procedure to opt-out.
The settlement funds will be disseminated to settlement class members according to a distribution protocol. The distribution protocol requires court approval.
Settlement class members who used a TD Bank coin counting machine between January 1, 2013 and May 25, 2016 will be able to complete a claim form and submit the claim form together with documentation supporting their coin deposit into the TD Bank coin counting machine. A further notice will be published with the details and deadline for filing a claim under the Distribution Protocol.
SETTLEMENT, DISTRIBUTION PROTOCOL AND FEE APPROVAL HEARINGS
Hearings to consider approval of the settlement, distribution protocol and class counsel’s fee request of 33% of the settlement, plus disbursements and applicable taxes, will be heard by the Ontario Court in the City of Kitchener on April 15, 2019.
You may express your views on the proposed settlements or class counsel’s fee request to the Courts. If you wish to do so you must act by April 5, 2019.
YOU ARE REPRESENTED BY: Sotos LLP
Please see “Contact Us” section of this website for all contact information.
call 1‑888‑977‑9806 or
F.A.Q. section on this website