The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Lennar Corporation (“Lennar” or the “Company”) (NYSE: LEN) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.
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What Happened?
On October 2, 2026, Hunterbrook Media LLC published a report entitled “Exclusive: Lennar’s Big New Customer Is Its Own Spinoff, Millrose,” revealing that Millrose, the spinoff company Lennar created in 2025 to hold its land, bought over $200 million of Lennar homes in about a month and has become the largest buyer of Lennar homes in the last month. The report asserts that “the purchases arrived just when Lennar needed them” and that “these sales were the difference between meeting and missing [its delivery forecast],” as Millrose purchased 356 homes in the last week of Lennar’s third quarter 2026, and Lennar beat its delivery forecast by 340 homes. The report also states that Millrose has been purchasing Lennar homes for higher prices than individual and other institutional buyers and is renting those homes out at a loss. On this news, the price of Lennar shares declined by $5.37 per share, or approximately 6.73%, from $79.81 per share on October 2, 2026, to close at $74.44 on October 5, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
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 investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
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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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View source version on businesswire.com: https://www.businesswire.com/news/home/20261013941878/en/
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