Ameritrade Merger Litigation Settlement
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
The Toronto-Dominion Bank, The Charles Schwab Corporation, and individual defendants settled a class action lawsuit alleging that the October 6, 2020 merger between CSC and TD Ameritrade violated Delaware law and fiduciary duties. The plaintiff alleged the merger process was unfair and that TD Bank, as a controlling stockholder, improperly conditioned its support by negotiating a separate beneficial agreement outside the merger process.
Do you qualify?
All record holders and beneficial holders of Ameritrade common stock who held such stock at any time from November 25, 2019 (the definitive merger agreement date) through October 6, 2020 (the merger closing date), excluding defendants, directors, senior officers, and certain affiliated entities.
How to file
This is a non-opt-out class and distribution has already occurred. Distributions to qualified class members occurred on January 12, 2024, January 13, 2025, and June 30, 2026, with subsequent rolling distributions to occur as settlement funds are available. Contact the Settlement Administrator at 1-888-964-2135 or info@AmeritradeMergerLitigation.com for questions.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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