Latest Walk-Away: Toll Brother Family Member

Monday, February 11, 2008 | 02:24 PM

One of the Toll family members decided to walkaway from a condo purchase:

"Luxury builder Toll Brothers Inc (TOL), 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 . . . The contract with Topkis was reached prior to fiscal 2007, it said. The location of the condo was not disclosed."

Fascinating!>




Source:
Toll relative walks away from new condo - filing
Reuters, Mon Feb 11, 2008 9:54am EST 
http://www.reuters.com/article/marketsNews/idUKN1150816620080211?rpc=44

Monday, February 11, 2008 | 02:24 PM | Permalink | Comments (13) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00e5502da7b88833

Listed below are links to weblogs that reference Latest Walk-Away: Toll Brother Family Member:

» BizLinks | 2.14.08 from Loren Steffy
Judge OKs Exxon Mobil freeze on Venezuela funds -- one more sign that Chavez is in over his head. Clear Channel to sell 2 Houston radio stations Good News: Fund Managers Are Miserable ($) -- a contrarian opportunity? Galling... [Read More]

Tracked on Feb 14, 2008 11:31:16 AM

Comments

Now how stupid is daddy Toll???

A few bucks to the daughter and this quietly goes away......or at the least it doesn't get splashed all over the entire internet.

And these people couldn't see it coming??
I'm starting to believe it..

Ciao
MS

Posted by: michael schumacher | Feb 11, 2008 2:28:18 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner