LEN DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Lennar (NYSE: LEN) Investors of Securities Class Action Lawsuit Deadline on January 11, 2027

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Lennar To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Lennar between February 7, 2025 and October 2, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lennar Corporation (“Lennar” or the “Company”) (NYSE: LEN) and reminds investors of the January 11, 2027 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Defendants' statements were materially misleading when made because they misrepresented the true performance of the Company, including its relationship with Millrose. First, statements discussing market conditions and touting the success of the asset-light strategy were misleading because they omitted that Lennar was secretly capitalizing costs associated with the Company's option agreements with land banks in order to give a more favorable near-term impression of performance. Second, Defendants' statements misrepresented the purpose of the Millrose spin-off as a way to create a land bank intended to transition Lennar from a "traditional homebuilder with sizable land assets to being a pure-play land-light asset-light manufacturing model homebuilder . . . ." In truth, and unbeknownst to investors, the spin-off was at least in part intended to smooth and/or inflate Lennar's own struggling finances by facilitating Millrose's purchase of Lennar homes at above market rates to hide the extent of Lennar's declining demand and financial performance.

On December 16, 2025, Lennar announced that its adjusted per-share earnings came in at $2.03 per share for three months through November, down from $4.03 per share a year earlier and missing the Street's view of $2.26 per share, and disclosed a 2026 fiscal first quarter delivery outlook that was below market estimates. On this news, Lennar's stock price fell $5.34, or 4.54%, to close at $112.23 per share on December 17, 2025, on extremely heavy trading volume.

On March 30, 2026, Lennar issued a press release reaffirming the purported benefits of its land-light strategy, which investors described as "defensive" and which raised concerns about "unique accounting attributes" of land-banking arrangements. On this news, Lennar's stock price fell $5.37 per share—nearly 6%—to close at $84.88 per share on March 30, 2026.

On October 2, 2026, Hunterbrook issued a report revealing that Lennar was using Millrose to prop up home sales, having sold over 700 homes totaling approximately $200 million to its own spinoff at above-market prices while Millrose rented them at a loss. On this news, Lennar's stock price tumbled nearly 7%, or $5.37 per share, to close at $74.44 per share on October 5, 2026, on unusually high trading volume of nearly 10.7 million shares.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Lennar’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Lennar class action, go to www.faruqilaw.com/LEN or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Lennar Securities Class Action Lawsuit:

What is the Lennar securities fraud lawsuit about?

The lawsuit alleges that Lennar Corporation and certain of its officers made materially false and misleading statements to investors during the Class Period. Specifically, the complaint alleges that Lennar secretly capitalized costs associated with its option agreements with land banks in order to present a more favorable near-term picture of its financial performance, while publicly touting the success of its asset-light strategy. The complaint further alleges that Defendants misrepresented the purpose of the Millrose spin-off, characterizing it as a strategic transition to an asset-light homebuilding model when, in truth, the spin-off was allegedly used at least in part to smooth and/or inflate Lennar's own finances by having Millrose purchase Lennar homes at above-market rates. These alleged misrepresentations purportedly obscured the true extent of Lennar's declining demand and deteriorating financial performance from investors.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Lennar Corporation (NYSE: LEN) securities between February 7, 2025 and October 2, 2026, inclusive, may be eligible to participate in this lawsuit. The Class Period encompasses transactions in Lennar common stock traded on the New York Stock Exchange under the ticker symbol LEN. Eligible investors are not required to serve as lead plaintiff in order to participate in the case or share in any potential recovery. All class members who suffered losses during the Class Period may be entitled to relief if the case is successfully resolved.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including making key decisions regarding litigation strategy and the selection of class counsel. Any investor who purchased Lennar securities during the Class Period and suffered a loss may move the court for appointment as lead plaintiff. The deadline to file a motion seeking lead plaintiff appointment is January 11, 2027. Importantly, investors do not need to seek or obtain lead plaintiff status in order to be eligible to share in any recovery that may result from the lawsuit.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Lennar securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.