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IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

MILTON PFEIFFER,

      Plaintiff,

  v.

BRUCE E. TOLL; ROBERT I. TOLL; ZVI BARZILAY; ROBERT S. BLANK; JOEL H. RASSMAN; RICHARD BRAEMER; PAUL E. SHAPIRO; and CARL B. MARBACH,

      Defendants,

  -and-

TOLL BROTHERS, INC., a Delaware Corporation,

      Nominal Defendant.

  





C.A. No.  4140-VCL






OPINION
Date Submitted:  December 3, 2009
Date Decided: March 3, 2010


Carmella P. Keener, Jessica Zeldin, ROSENTHAL, MONHAIT & GODDESS, P.A., Wilmington, Delaware; Robert C. Schubert, Willem F. Jonckheer, SCHUBERT JONCKHEER KOLBE & KRALOWEC LLP, San Francisco, California; Joseph Levi, LEVI & KORSINSKY, LLP, New York, New York, Attorneys for Plaintiff.

Allen M. Terrell, Jr., Brock E. Czeschin, RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware, Attorneys for Defendants Bruce E. Toll, Robert I. Toll, Zvi Barzilay and Joel H. Rassman.



Anthony W. Clark, Kimberly A. LaMaina, SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, Wilmington, Delaware; Robert E. Zimet, Christopher P. Malloy, William F. Clarke, Jr., Daniel M. Gonen, SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, New York, New York, Attorneys for Defendants Robert S. Blank, Richard Braemer, Carl B. Marbach, and Paul E. Shapiro.

A. Gilchrist Sparks, III, S. Mark Hurd, Ryan D. Stottmann, MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware, Attorneys for Nominal Defendant Toll Brothers, Inc.



LASTER, Vice Chancellor.

Plaintiff Milton Pfeiffer is a stockholder of nominal defendant Toll Brothers, Inc. (

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