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 Millrose Properties, Inc. who purchased shares between February 7, 2025 and October 2, 2026.
Millrose and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 2, 2026, Hunterbrook Media published a report revealing that, contrary to Millrose’s prior representations that it would not enter into any lease agreements, Millrose had purchased an estimated $200 million worth of finished homes from Lennar, its former parent company and largest customer, and was leasing those properties on the rental market. The report further alleged that Millrose appears to be renting those homes at a loss.
On this news, the price of Millrose shares fell $2.10, or 8.5%, from a close of $24.61 on October 2, 2026, to a close of $22.51 on October 5, 2026.
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 December 8, 2026 to request that the court appoint them lead plaintiff.