4th Circ. Won't Rehear Toll Bros. Deposit Refund Row

Law360, New York (March 28, 2013, 2:59 PM EDT) -- The Fourth Circuit on Wednesday declined to rehear a panel decision refusing to toss a putative class action alleging Toll Brothers Inc. unlawfully kept deposits for a Maryland luxury home after the buyers' mortgages fell through, defeating the builder's attempt to have the dispute arbitrated.

The Fourth Circuit denied Toll Brothers' petition for rehearing and rehearing en banc, keeping in place a three-judge panel's decision in February allowing the putative class action to survive by again rejecting the luxury home builder's argument that the Federal Arbitration...
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