Securities Class Action Filed Against Lennar Corporation – LEN Investors Encouraged to Contact Kirby McInerney LLP

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Lennar Corporation (“Lennar” or the “Company”) (NYSE: LEN) securities between February 7, 2025 and October 2, 2026, inclusive (“the Class Period”). If you suffered a loss on your Lennar investments, you have until January 11, 2027 to request lead plaintiff appointment.

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Investors are encouraged to fill out the contact form above or contact Lauren Molinaro of Kirby McInerney LLP by email at [e-mail] to discuss your rights or interests in the securities fraud class action lawsuit at no cost.

What Is This Lawsuit About? The lawsuit alleges that Lennar made false and/or misleading statements and failed to disclose that: (i) the Company deployed a scheme whereby expenses associated with Lennar’s option agreements with land banks were capitalized—rather than listed as expenses on the balance sheet—in order to give a misleadingly favorable short-term impression of demand and financial performance; and (ii) Lennar’s spinoff company, Millrose Properties, Inc., had abandoned its stated mission as a land bank and was in fact purchasing Lennar homes at above market rates, and renting them at below market rates, to further inflate Lennar’s earnings and cover up declining demand for its homes.

On December 16, 2025, Lennar announced its fourth quarter and full year 2025 financial results, revealing 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. Additionally, the Company disclosed a 2026 fiscal first quarter delivery outlook of between 17,000 to 18,000 homes, below consensus estimates of 19,948 homes. On this news, the price of Lennar shares declined by $5.34 per share, or approximately 4.54%, from $117.57 per share on December 16, 2025 to close at $112.23 on December 17, 2025.

Then, on March 30, 2026, Lennar issued a press release reaffirming the benefits of its land-light strategy and stating that it had had to accept “margin compression” due to rising interest rates and affirmed that it “used incentives and interest rate buydowns as a shock absorber” that reduced margins “in order to meet the market at a price point that working families could absorb.” On this news, the price of Lennar shares declined by $5.37 per share, or approximately 6%, from $90.25 per share on March 27, 2026 to close at $84.88 on March 30, 2026.

Finally, on October 2, 2026, Hunterbrook Media LLC issued a report revealing that Lennar had met quarterly targets only by selling hundreds of homes to Millrose. The Hunterbrook report stated, “The nation’s second-largest homebuilder is struggling to sell houses. So it found a buyer it previously owned: Millrose Properties, which gets most of its revenue from Lennar and counts Lennar’s CEO as its largest voting shareholder. Contrary to the plans in its initial SEC filings, Millrose has now bought an estimated $200 million of Lennar homes in about a month and is renting them out at what appears to be a loss.” The report asserted that these purchases by Millrose “may obfuscate the true lack of demand for Lennar’s homes.” On this news, the price of Lennar shares declined by $5.37 per share, or approximately 7%, from $79.81 per share on October 2, 2026 to close at $74.44 on October 5, 2026.

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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts do not consider lead plaintiff applications submitted after the relevant deadline. If you choose to take no action, you may remain an absent class member. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

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What Should I Do? If you purchased or otherwise acquired Lennar securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [e-mail], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found on Kirby McInerney LLP’s website.

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