Publication Date: Saturday September 06, 2008
Business/Financial Desk; Section C; Page 2; Column
c. 2008 New York Times Company
By BLOOMBERG NEWS
Toll Brothers, the largest United States luxury homebuilder, lost a bid to have a shareholders' securities-fraud lawsuit against it dismissed. Investors who bought shares in the company from December 2004 to November 2005 made claims specific enough in their complaint to survive Toll Brothers' motion to dismiss it, a United States District Court judge in Philadelphia, James T. Giles, said in his order. He did not rule on the merits of the claims. The plaintiffs alleged that the company and individual defendants misrepresented or omitted facts "regarding, but not limited to, traffic, demand and defendants' ability to add new selling communities in fiscal year 2005," the judge wrote.
Subscribe to:
Post Comments (Atom)
2 comments:
Hi, RE.porter:
Thanks for your insightful blog. I enjoy your columns very much.
Is there a contact email address where I can send you some questions?
Many thanks in advance.
ko,
Transparency has no exceptions here and your questions are of interest to all concerned, so please oblige. Given my reasons for setting up this blog and taking the trouble to contribute to it regularly, it's integrity would be compromised by secrecy. Thanks for your sentiments.
Post a Comment