Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of Florida on behalf of shareholders of Lennar Corporation who purchased shares between February 7, 2025 and October 6, 2026.
According to the Complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
Specifically, the lawsuit alleges that Defendants failed to disclose to investors that: (i) Lennar was capitalizing, rather than expensing, costs associated with its option agreements with land banks, including option maintenance fees, which gave investors a more favorable near-term impression of its financial performance; (ii) the Millrose Properties, Inc. (“Millrose”) spin-off was, at least in part, intended to smooth and/or inflate Lennar’s own struggling financial results rather than solely to serve as a land bank supporting Lennar’s asset-light, land-light strategy; (iii) Millrose was purchasing finished Lennar homes at above-market prices and renting them out at a loss, which helped Lennar meet its quarterly targets and concealed declining demand for its homes; and (iv) as a result, Defendants’ statements about Lennar’s business, operating strategy, financial performance, and relationship with Millrose were materially false and/or misleading.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until January 11, 2027 to request that the court appoint them lead plaintiff.