BOULDER, Colo., Nov. 14, 2008 (GLOBE NEWSWIRE) -- Advertising Material - The Shuman Law Firm today announced that it is investigating possible claims against certain officers and directors of Toll Bothers Inc. ("Toll Brothers") (NYSE:TOL) who may have caused Toll Brothers to issue allegedly false and misleading statements regarding its business and its prospects.
In April 2007, a lawsuit seeking class action status was commenced on behalf of all purchasers of Toll Brothers common stock during a class period of December 9, 2004 to November 8, 2005. The lawsuit was filed in the U.S. District Court for the District of Pennsylvania. The lawsuit alleges that Toll Brothers violated the federal securities laws by issuing false and misleading statements to the market throughout the class period. Specifically, Toll Brothers is alleged to have misrepresented the Company's ability to open new active selling communities at the rate necessary to support its financial projections, "traffic" in its existing selling communities, demand for Toll Brothers homes, and the Company's ability to continue its historically strong earnings growth beyond its fiscal 2005.
If you currently own Toll Brothers common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
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