Security Investigation
Lennar Corporation (NYSE: LEN)
58 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Lennar Corporation (NYSE: LEN) of a class action securities lawsuit.
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 invested in Lennar and suffered a loss during the relevant time frame, you have until January 11, 2027 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff. Lennar investors should contact KSF Managing Partner Lewis Kahn toll-free at (877) 515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Triggs v. Lennar Corporation, No. 26-cv-28015.