TD Bank (TD) will take a $255M charge in Q1 (after-tax, roughly 10% of expected profits) related...

|By:, SA News Editor

TD Bank (TD) will take a $255M charge in Q1 (after-tax, roughly 10% of expected profits) related to its role in Scott Rothstein's $1.2B South Florida Ponzi scheme. Earlier this month, a federal jury awarded a $67M verdict against the bank in just the first of several lawsuits to go to trial.