Toll Brothers Inc (NYSE:TOL) Investor Investigation Over Potential Wrongdoing Announced

If you are a current long-term stockholder of shares of Toll Brothers Inc (NYSE:TOL), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Toll Brothers
Affected Securities: 
NYSE: TOL

February 10, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Toll Brothers Inc (NYSE:TOL) was announced concerning whether certain Toll Brothers officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Toll Brothers officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders' approval of the Toll Brothers Stock Incentive Plan for Employees (2014).

In the Proxy Statement filed by Toll Brothers Inc with the Securities and Exchange Commission the Board of Directors recommends that Toll Brothers' shareholders vote to approve the Toll Brothers Stock Incentive Plan for Employees (2014). An aggregate maximum of 7,500,000 shares of the Company's common stock may be issued under the 2014 Plan.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of Toll Brothers Inc.

Toll Brothers Inc reported that its Total Revenue rose from over $1.88 billion for the 12 months period that ended on Oct. 31, 2012 to over $2.67 billion for the 12 months period that ended on Oct. 31, 2013, while its respective Net Income declined from $487.15 million to $170.61 million.

Shares of Toll Brothers Inc (NYSE:TOL) grew from $14.38 per share in September 23, 2011 to as high as $37.98 per share in early 2013.

On Feb. 6, 2014, NYSE:TOL closed at $36.53 per share.