According to a press release a law firm is currently investigating possible claims against certain officers and directors of Toll Bothers Inc. (NYSE: TOL) who may have caused Toll Brothers to issue allegedly false and misleading statements regarding its business and its prospects.

According to the press release in April 2007, a lawsuit seeking class action status was filed in the U.S. District Court for the District of Pennsylvania on behalf of all purchasers of Toll Brothers (NYSE: TOL) common stock between December 9, 2004 to November 8, 2005. The lawsuit alleges that Toll Brothers (NYSE: TOL) violated the federal securities laws by issuing false and misleading statements to the market between December 9, 2004 to November 8, 2005. Specifically Toll Brothers (NYSE: TOL) is alleged to have misrepresented the its ability to open new active selling communities at the rate necessary to support its financial projections, traffic in its existing selling communities, demand for Toll Brothers homes, and the its ability to continue its historically strong earnings growth beyond its fiscal 2005, so the investigation.