Toronto-Dominion Bank (TD) logos are seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie

TORONTO, April 28 (Reuters) – The three-month trial of a lawsuit against Toronto-Dominion Bank (TD.TO), in which the liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $4.5 billion in damages is expected to end on Wednesday.

A written judgment from the court is expected in a few months.

In closing arguments at the Ontario Superior Court this week, lawyers for the court-appointed joint liquidators of Stanford International Bank (SIB) alleged negligence and “knowing assistance” by TD in providing a correspondent banking account that Stanford used to perpetuate fraud.

TD’s lawyers said the bank did not know about the fraud, and that damages should be limited to the estimated $5 million in profit from its relationship with SIB.

Stanford is serving a 110-year prison term in the United States after being convicted in 2012 of running a $7.2 billion Ponzi scheme.

Correspondent banking is the business of providing services to offshore financial institutions. The joint liquidators are Grant Thornton in the British Virgin Islands and the Cayman Islands.

The plaintiffs alleged that TD was aware of possible risks of providing the services and that the bank was “willfully blind, reckless and, at a bare minimum, negligent.”

They argued that even after reports of Stanford’s conduct came to light, TD did not terminate the…

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