Legal Opinion
Pfeiffer v. Toll
Court of Chancery of Delaware
Decided March 3, 2010No. C.A. 4140-VCLPublishedCited by 34 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
Plaintiff Milton Pfeiffer is a stockholder of nominal defendant Toll Brothers, Inc. (“Toll Brothers” or the “Company”). He brought this action to recover damages suffered by Toll Brothers resulting from alleged insider trading by the defendants. The defendants have moved to dismiss his Verified Amended Shareholder Derivative Complaint (the “Complaint”). I deny the motion.
I. FACTUAL BACKGROUND
I assume the following facts to be true for purposes of the motion to dismiss. The facts are drawn from the allegations of the Complaint, from publicly available documents…
2Cases cited43 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Pepper v. LittonSupreme Court of the United States · 1939
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Chiarella v. United StatesSupreme Court of the United States · 1980
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3Cited by34 opinions
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- In re Facebook, Inc.District Court, S.D. New York · 2013
- Scrushy v. TuckerSupreme Court of Alabama · 2011
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