TD Banknorth U$4 Million Lawsuit Settlement Thrown Out by Judge

Bloomberg, Sophia Pearson, 19 July 2007TD Banknorth Inc.'s $4 million settlement of a shareholder suit over a buyout by its parent, Toronto-Dominion Bank, was thrown out by a judge who said the amount should be higher.The accord is ``insufficient,'' Judge Stephen Lamb wrote in a decision issued today in Delaware Chancery Court in Wilmington. Six investors sued after TD Banknorth said in November