NEW YORK, Feb 11 (Reuters) - Luxury builder Toll Brothers Inc (TOL.N: Quote, Profile, Research), hurt as many buyers to try to get out of contracts for new homes amid falling prices, says a member of its founding family is trying to walk away from an agreement to buy a new condominium.
The daughter of Vice Chairman and co-founder Bruce Toll informed the company last month that she and her husband "did not intend to make settlement" on a $2.47 million home they had previously agreed to purchase, the company said in a regulatory filing.
Toll Brothers went on to say that it intends to pursue its rights under the agreement of sale with Toll's daughter, Wendy Topkis.
Monday, February 11, 2008
Toll v. Toll
Funny: