Toll Bros. Can't Dodge Down Payment Class Action

Law360, New York (January 30, 2012, 5:22 PM EST) -- Homebuilder Toll Bros. on Monday lost a bid to force arbitration or dismiss a proposed class action that accuses the company of refusing to return down payments to homebuyers who were later rejected for a mortgage.

The plaintiffs will be allowed to continue their suit in Maryland federal court against the company, which they claim earned $102 million between 2006 and 2009 by improperly keeping down payments.

The arbitration clause of Toll Bros.' sale agreement is “quite simply one-sided and onerous,” requiring buyers to submit to...
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Case Information

Case Title

Noohi et al v. Toll Bros., Inc. et al


Case Number

1:11-cv-00585

Court

Maryland

Nature of Suit

Contract: Other

Judge

Richard D Bennett

Date Filed

March 2, 2011

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