Did You Lose Money Investing in Millrose Properties (MRP)?
A securities class action has been filed on behalf of persons and entities that purchased or otherwise acquired the securities of Millrose Properties, Inc. (“Millrose Properties,” “Millrose” or the “Company”) (NYSE: MRP) between February 7, 2025 and October 2, 2026, both dates inclusive (the “Class Period”).
The action, Rubenstein v. Millrose Properties, et al., Case No. 9:26-cv-81386, was filed on October 9, 2026 in the U.S. District Court for the Southern District of Florida, and asserts claims under the Securities Exchange Act of 1934.
What Does the Millrose Properties Securities Class Action Allege?
According to the complaint, prior to and throughout the Class Period, Defendants failed to disclose to investors that 1) despite representations to the contrary, Millrose’s objectives were not limited to engaging in land purchases, horizontal development, and homesite option purchase arrangements for Lennar and potentially other homebuilders and developers; 2) despite representations to the contrary, Millrose would in fact enter into lease agreements and would have tenants in its properties; 3) Millrose would purchase $200 million worth of properties from Lennar; 4) Millrose would lease the properties purchased from Lennar out at a loss; and 5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The truth allegedly emerged on October 2, 2026 when Hunterbrook Media issued a report revealing that, contrary to Millrose’s earlier representations, Millrose Properties purchased $200 million worth of finished homes from Lennar, an entity that controls Millrose, with the intent of leasing those properties on the rental market. In addition to leasing properties on the rental market, contrary to its earlier representations, Hunterbrook Media revealed that Millrose Properties is making a loss on those rental properties.
On this news, Millrose’s share price fell by $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.
December 8, 2026 Lead Plaintiff Deadline
Millrose Properties investors have until December 8, 2026 to move the Court to seek appointment as lead plaintiff. Investors do not need to seek appointment as lead plaintiff to remain a member of the proposed class.
Millrose Properties Investors: Contact Kehoe Law Firm
If you purchased Millrose Properties securities during the Class Period and suffered financial losses, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to learn more about the class action and your legal rights.
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, as well as ERISA and retirement plan litigation. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
SEND US A MESSAGE
Contact Us
ADDRESS
Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103