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These days, almost all geologists seem to disagree.
The tsunami that did such awful damage in December 2004 was caused by an earthquake along 1,000 km of sea bed. If a landslide does happen on La Palma, it couldn't possibly be longer than 25 km, so the tsunami will weaken as it spreads out. You'd hardly get a splash the other side of the Atlantic.
By the way, the research was paid for by an American insurance company. And it wasn't published in a peer-reviewed journal, which means that other scientists didn't get chance to give opinions before it was broadcast.
My opinion? It's a load of hype.
You can read more at: http://www.lapalma-tsunami.com/tsunami.html and http://www.iberianature.com/material/megatsunami.html
If you have any questions or problems