Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Toll Brothers, Inc. (“Toll Brothers” or the “Company”) (NYSE: TOL) concerning possible violations of federal securities laws.
If you purchased shares of Toll Brothers and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
The investigation focuses on whether Toll and certain of its officers and/or directors violated federal securities laws. On December 23, 2016, the Company revealed that its “estimated liability for known and unknown water intrusion claims increased in the fourth quarter of fiscal 2016 to approximately $324.4 million as of October 31, 2016.” On June 5, 2017, Toll revealed that in April 2017 the Securities and Exchange Commission “informed the Company that it was conducting an investigation and requested that we voluntarily produce documents and information relating to our estimated repair costs for stucco and other water intrusion claims in fiscal 2016.” When this information was released, Toll shares lowered in value.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170613006362/en/
Contacts:
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
