Toronto law firm Juroviesky and Ricci LLP have filed a class-action lawsuit in the Ontario Superior Court of Justice against the Toronto-Dominion Bank.

Specifically, persons who have maintained a bank account with the bank and have made one or more deposits into their bank account at any time between March 27, 2001 and March 27, 2007 were not able to access their funds immediately upon such deposit because the defendant held their funds, may be a nember in the class-action lawsuit.

Juroviesky and Ricci LLP are seeking to pursue remedies against the defendant for common law breach of contract, breach of common law duty/agency, conversion, unjust enrichment, and negligence.

Generally, the statement of claim alleges that the bank wrongfully withheld certain of its clients’ funds on deposit, such as cheques, wire transfers, or other deposits, after the bank had already received payment on such deposit. (Such payment received from the source or payor financial institution in respect of such deposit).

The detailed statement of claim filed with the Ontario Superior Court of Justice is the result of an extensive and independent investigation conducted by Juroviesky and Ricci LLP. To the knowledge of Juroviesky and Ricci LLP, no other statement of claim has been filed in this matter against the bank and no other law firms, as at the time of filing its statement of claim, represent plaintiffs in this litigation.