Millrose Properties shares fell $2.10, or 8.5%, in the first trading session after an October 2, 2026 report stated that the land bank had bought an estimated $200 million of finished Lennar homes to rent out, despite filings that allegedly promised it would have no tenants.

NEW YORK, Oct. 28, 2026 /PRNewswire/ — Levi & Korsinsky, LLP alerts investors in Millrose Properties, Inc. (NYSE: MRP) of a pending securities class action on behalf of those who purchased or acquired Millrose securities between February 7, 2025 and October 2, 2026. Find out if you may qualify to recover losses, or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

In one trading session, Millrose stock lost $2.10 per share, or 8.5%. It fell from a $24.61 close on Friday, October 2, 2026 to a $22.51 close on Monday, October 5, 2026. To be considered for lead plaintiff, investors must file by December 8, 2026.

What Moved MRP Stock Between the Friday and Monday Closes

The decline followed a report that Hunterbrook Media published on October 2, 2026. Lennar Corporation spun off Millrose to hold land and sell homesites back to builders, and the report stated that Millrose had begun buying Lennar’s finished homes and listing them for rent. The pleading asserts that this conduct contradicted repeated Class Period statements that Millrose would not enter into lease agreements or have tenants on its properties.

According to the report, Millrose did not provide a comment in response to Hunterbrook’s questions. The case is pending in the U.S. District Court for the Southern District of Florida and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

The Figures Traders Absorbed Before the October 5 Close

As averred, the report presented MRP shareholders with the following figures:

• An estimated $200 million or more of finished Lennar homes purchased by Millrose in about one month
• More than 700 purchases identified across at least 51 counties in 15 states
• A buying pace that, if sustained for a full quarter, the report estimated at roughly 2,100 homes costing $588 million to $630 million
• A Millrose subsidiary, MRP Liberty LLC, named in county deed records as the buyer
• Homes advertised for rent, which the complaint contrasts with filings stating that Millrose does “not, and will not, have any tenants or occupants” on its properties

Why the MRP Stock Decline Matters to Class Period Buyers

The complaint charges that Class Period purchasers paid prices reflecting a land-bank-only business, not a company renting out houses bought from its former parent. Under that theory, shareholders who bought at higher prices during the Class Period took the loss when the report described the rental purchases.

“The complaint alleges that investors valued Millrose as a land bank with no tenants, and that an 8.5% decline followed a report describing an estimated $200 million of rental home purchases. Class Period purchasers should have the opportunity to evaluate whether that loss reflects information they allegedly were not given.” — Joseph E. Levi, Esq.

Submit your information here or call (212) 363-7500.

ABOUT THE FIRM — For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years. Investors who suffered losses have until December 8, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the MRP Lawsuit

Q: Who are the defendants named in the MRP lawsuit? A: The complaint names Millrose Properties, Inc. and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What is the MRP class action lawsuit about? A: A securities class action has been filed against Millrose Properties, Inc. (NYSE: MRP) alleging materially false and misleading statements between February 7, 2025 and October 2, 2026. Shares fell approximately 8.5% after an October 2, 2026 Hunterbrook Media report stated that Millrose had purchased an estimated $200 million of finished Lennar homes to rent out, despite filings stating it would have no tenants. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: What do MRP investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What happens after I contact Levi & Korsinsky? A: An attorney will review your trading history at no cost and provide an initial assessment of your potential eligibility.

Q: What if I already sold my MRP shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.

Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mrp-deadline-alert-levi–korsinsky-reminds-millrose-properties-inc-mrp-investors-of-securities-class-action-deadline-on-december-8-2026-302922571.html

SOURCE Levi & Korsinsky, LLP