TD Bank Pushed by New Jersey Judges on Money Laundering Secrecy

A New Jersey appeals court warned TD Bank Wednesday that it was going to reveal the secret reasons for the bank redacting evidence in an employment dispute, even after the bank’s lawyer said it could be penalized.

Defendants—even banks with reporting obligations under federal law—probably can’t prevent judges from informing plaintiffs of the reasons for why discovery is being redacted, Superior Court Appellate Division Judge Jessica R. Mayer told the bank.

“You’re kind of hamstringing the plaintiff in a way,” she said. “There’s discovery, and I believe the regulation and the federal law says that once you’re subpoenaed you can ...