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TOLL v. TANNENBAUM

Civil Action No. 11-7141.

982 F.Supp.2d 541 (2013)

Bruce TOLL, Plaintiff, v. Leonard TANNENBAUM, Defendant.

United States District Court, E.D. Pennsylvania.

November 15, 2013.

Attorney(s) appearing for the Case

Stephen A. Cozen , Cozen & O'Connor, Kevin T. Kerns , Stephen Aaron Miller , Cozen O'Connor, Philadelphia, PA, for Plaintiff.

Matthew H. Haverstick , Aya M. Salem , Nancy J. Gellman , Conrad O'Brien, Philadelphia, PA, Alexander Kaplan , Kevin J. Perra , Proskauer Rose LLP, New York, NY, for Defendant.

MEMORANDUM

EDUARDO C. ROBRENO, District Judge.

Plaintiff Bruce Toll brings this action against his former son-in-law, Leonard Tannenbaum, for breach of an oral contract. Toll alleges that in 2007 he personally guaranteed $15 million in loans to Tannenbaum in order to keep one of Tannenbaum's investment management companies afloat. Am. Compl. ¶ 1, ECF No. 34. Toll claims that, in exchange, Tannenbaum orally promised to share equally all of his profits...

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