ROSELAND - Penny Arcades, the popular coin-counting service available at TD Bank, are now the focus of a nationwide class-action lawsuit.
The suit was filed last week and argues that coins were inaccurately counted and customers were short-changed when using the machines. The suit also argues that TD Bank officials knew or should have known about the problem.
Bruce Nagel, the attorney who filed the suit, says that he estimates that thousands of people were affected by this case. He estimates that the damages will be tens of millions of dollars because the Penny Arcades process about 3 billion coins each year.
TD Bank released a statement that said in part, "We have launched an enhanced testing program and all of our coin counting machines are in the process of being taken out of service and will be evaluated and retested."
The Penny Arcades will be brought back into service once bank officials are satisfied with their performance requirements.
TD Bank would not comment on the class-action lawsuit