| Revision as of 01:45, 8 November 2013 editPatapsco913 (talk | contribs)Autopatrolled, Extended confirmed users166,596 edits →Company overview← Previous edit | Revision as of 09:25, 8 January 2014 edit undo185.35.164.109 (talk)No edit summaryNext edit → | ||
| Line 71: | Line 71: | ||
| Toll Brothers has also been accused of fraud and substandard construction by residents of the Northside Piers development in Williamsburg, Brooklyn. They have complained that "walls are leaky and poorly insulated; mold is growing in the walls; and there is faulty plumbing, sewage, heating and air-conditioning systems."<ref name=calder2011/> The Northside Piers project gained notoriety in September 2007 when it caught fire during construction.<ref name=dobkin2007/>As of August 2013, Toll Brothers has over 200 active lawsuits against it by homeowners either for defective construction and or misrepresentations made at sales. | Toll Brothers has also been accused of fraud and substandard construction by residents of the Northside Piers development in Williamsburg, Brooklyn. They have complained that "walls are leaky and poorly insulated; mold is growing in the walls; and there is faulty plumbing, sewage, heating and air-conditioning systems."<ref name=calder2011/> The Northside Piers project gained notoriety in September 2007 when it caught fire during construction.<ref name=dobkin2007/>As of August 2013, Toll Brothers has over 200 active lawsuits against it by homeowners either for defective construction and or misrepresentations made at sales. | ||
| Dear Domain Owner, | |||
| Toll Brothers, Inc. and its wholly owned subsidiary, TB Proprietary, Inc. (collectively "Toll Brothers") provide quality services relating to the planning, design and layout of residential communities, as well as home construction services throughout the United States. The Toll Brothers name is a valuable trademark of Toll Brothers, Inc. and represents our substantial goodwill. | |||
| It has come to our attention that you are presently using the Toll Brothers trademark in connection with your internet website. Customers and other third parties who receive or otherwise encounter this website are likely to be confused as to the source or sponsorship of the services the site due to your wholly improper use of our trademark. The website conveys the unmistakable impression that the site is somehow affiliated with, sponsored by, or otherwise approved by Toll Brothers, Inc., which it is not. | |||
| We consider your use of the Toll Brothers trademark to constitute trademark infringement, false designation of origin and unfair competition under federal and state law. This conduct has resulted and will continue to result in damage to Toll Brothers and its trademark. | |||
| Accordingly, on behalf of Toll Brothers, we must demand that you immediately cease any and all use of the Toll Brothers trademark or any other depiction that suggests or implies that your business is affiliated with, sponsored by or otherwise associated with Toll Brothers. | |||
| Please advise me within ten (10) days from the date of this letter that you will comply with our demand. If I do not hear from you during that period, I will assume that it is your intention to continue the unlawful conduct referenced above, in which case I have instructed our counsel to exercise all available legal and equitable rights and remedies against you. These rights and remedies may include, without limitation, requests for injunctive relief, monetary damages and reimbursement of Toll Brothers' legal costs incurred in this matter. | |||
| This letter is sent without prejudice to any rights and remedies that we may have, currently or in the future. | |||
| Sincerely, | |||
| David Smith, Esq. | |||
| Vice President - Toll Brothers Inc. | |||
| General Counsel - Ancillary Businesses | |||
| 250 Gibraltar Road | |||
| Horsham, PA 19044 | |||
| enforcements@mm-tollbrothers.com | |||
| ==References== | ==References== | ||
Revision as of 09:25, 8 January 2014
 | |
| Company type | Public |
|---|---|
| Traded as | NYSE: TOL |
| Industry | Homebuilding |
| Predecessor | predecessors of the company operated from 1967 |
| Founded | May 1986 (1986-05) |
| Founder | Robert I. Toll Bruce E. Toll |
| Headquarters | Horsham, Pennsylvania, United States |
| Key people |
|
| Products | single-family detached and attached residences |
| Revenue |
|
| Operating income |
|
| Net income |
|
| Number of employees | 2,117 (2010) |
| Website | http://www.tollbrothers.com/ |
| Footnotes / references ; | |
US$1.88 billion (2012)Toll Brothers is an American company based in Horsham, Pennsylvania. The Company's core business is to "design, build, market and arrange financing for single-family detached and attached homes in luxury residential communities". The company operates primarily in major metropolitan areas in the contiguous United States.
Company overview
Toll Brothers in its present form was established in May 1986 through incorporation as a Delaware corporation, but descends from predecessor companies working in the same industry back to 1967.
Toll Brothers takes real estate projects from initial evaluation through land acquisition, land planning, entitlements, development, and completion. The company builds customized single-family homes, carriage homes and town homes, active adult communities, golf course communities, and midrise and high-rise projects, principally in suburban and urban locations. It targets first-time, move-up, empty-nester, active-adult, and second-home buyers.
On October 31, 2010, the company had over US$1.2 billion in cash, total assets of over $5.2 billion and shareholders' equity of $2.6 billion. By November 2011, the company's cash on hand remained in excess of US$1 billion. In November 2013, Toll Brothers purchased Shapell Homes (founded by Nathan Shapell) for $1.6 billion.
To support its real estate operations, the company operates its own land development, engineering, marketing, golf course development and management, architectural, mortgage, title insurance and landscape subsidiaries. The company acquires and develops commercial properties through Toll Commercial, and its affiliate, Toll Brothers Realty Trust, and purchases large distressed real estate portfolios through Gibraltar Capital and Asset Management.
Markets
Toll Brothers currently operate in the following major suburban and urban residential markets:
- Philadelphia, Pennsylvania metropolitan area
- Lehigh Valley area of Pennsylvania
- Central and northern New Jersey
- Virginia and Maryland suburbs of Washington, D.C.
- Baltimore, Maryland metropolitan area
- Eastern Shore of Maryland and Delaware
- Richmond, Virginia metropolitan area
- Boston, Massachusetts metropolitan area
- Fairfield, Hartford, New Haven and New London Counties, Connecticut
- Westchester, Dutchess, Ulster and Saratoga Counties, New York
- Boroughs of Manhattan and Brooklyn in New York City
- Los Angeles, California metropolitan area
- San Francisco Bay, Sacramento and San Jose areas of northern California
- San Diego and Palm Springs, California areas
- Phoenix, Arizona metropolitan area
- Raleigh and Charlotte, North Carolina metropolitan areas
- Dallas, San Antonio and Houston, Texas metropolitan areas
- Southeast and southwest coasts and the Jacksonville and Orlando areas of Florida
- Las Vegas and Reno, Nevada metropolitan areas
- Detroit, Michigan metropolitan area
- Chicago, Illinois metropolitan area
- Denver, Colorado metropolitan area, and
- Minneapolis/St. Paul, Minnesota metropolitan area
- Seattle, Washington metropolitan area
Subsidiaries and partners
As of October 2012, Toll Brothers operated 111 fully owned subsidiary companies and had active partnerships with 211 companies.
Principal competitors
Companies often competing in the same markets as Toll Brothers include private builders and public homebuilders like Woodmeister Master Builders, LGI Homes, Pulte Homes, D.R. Horton, KB Home, Lennar Corporation, and Ryland Group Inc.
Criticism
Toll Brothers was sued in April 2007 by investors claiming they were misled by directors about demand for new home construction. The suit was later settled for $25 million, though Toll Brothers did not admit any wrongdoing.
Toll Brothers has also been accused of fraud and substandard construction by residents of the Northside Piers development in Williamsburg, Brooklyn. They have complained that "walls are leaky and poorly insulated; mold is growing in the walls; and there is faulty plumbing, sewage, heating and air-conditioning systems." The Northside Piers project gained notoriety in September 2007 when it caught fire during construction.As of August 2013, Toll Brothers has over 200 active lawsuits against it by homeowners either for defective construction and or misrepresentations made at sales.
Dear Domain Owner,
Toll Brothers, Inc. and its wholly owned subsidiary, TB Proprietary, Inc. (collectively "Toll Brothers") provide quality services relating to the planning, design and layout of residential communities, as well as home construction services throughout the United States. The Toll Brothers name is a valuable trademark of Toll Brothers, Inc. and represents our substantial goodwill.
It has come to our attention that you are presently using the Toll Brothers trademark in connection with your internet website. Customers and other third parties who receive or otherwise encounter this website are likely to be confused as to the source or sponsorship of the services the site due to your wholly improper use of our trademark. The website conveys the unmistakable impression that the site is somehow affiliated with, sponsored by, or otherwise approved by Toll Brothers, Inc., which it is not.
We consider your use of the Toll Brothers trademark to constitute trademark infringement, false designation of origin and unfair competition under federal and state law. This conduct has resulted and will continue to result in damage to Toll Brothers and its trademark. Accordingly, on behalf of Toll Brothers, we must demand that you immediately cease any and all use of the Toll Brothers trademark or any other depiction that suggests or implies that your business is affiliated with, sponsored by or otherwise associated with Toll Brothers.
Please advise me within ten (10) days from the date of this letter that you will comply with our demand. If I do not hear from you during that period, I will assume that it is your intention to continue the unlawful conduct referenced above, in which case I have instructed our counsel to exercise all available legal and equitable rights and remedies against you. These rights and remedies may include, without limitation, requests for injunctive relief, monetary damages and reimbursement of Toll Brothers' legal costs incurred in this matter. This letter is sent without prejudice to any rights and remedies that we may have, currently or in the future.
Sincerely, David Smith, Esq. Vice President - Toll Brothers Inc. General Counsel - Ancillary Businesses 250 Gibraltar Road Horsham, PA 19044 enforcements@mm-tollbrothers.com
References
- Toll Brothers (28 Dec 2012), TOLL BROTHERS, INC., 10-K, U.S. Securities and Exchange Commission, retrieved 27 Jan 2013
- ^ Toll Brothers, Inc., Form 10-K, U.S. Securities and Exchange Commission, 22 Dec 2010
- Corporate Profile (PDF), Toll Brothers, 2010
{{citation}}: Unknown parameter|month=ignored (help) - 2010 Annual Report (PDF), Toll Brothers, 2010
- Kosteini, Natalie (8 Nov 2011), "Toll Bros. revenue grows 6%", Philadelphia Business Journal, Morning Roundup, retrieved 9 Dec 2011
- Fox Business: "Toll Brothers to Buy Shapell Homes for $1.6B, 4Q Revenue Soars" By Matthew Rocco November 07, 2013
- Exhibit 21. Subsidiaries of Registrant, 10-K, US Securities and Exchange Commission, 28 Dec 2012, retrieved 27 Jan 2013
- Pearson, Sophia (2 Nov 2010), "Toll to Pay $25 Million to End Lawsuit Alleging Company Misled Investors", bloomberg.com, Bloomberg L.P.
- Calder, Rich (23 Mar 2011), "Williamsburg waterfront condo residents complain of 'shoddy' construction", New York Post, nypost.com
- Dobkin, Jak (26 Sep 2007), "Williamsburg Condo Market Going up in Flames", Gothamist (blog), Gothamist