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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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