Lawsuit alleges Millrose Properties, Inc. made misleading statements to investors from February 7, 2025 to October 2, 2026; lead plaintiff motions are due December 8, 2026
LOS ANGELES, Oct. 19, 2026 /PRNewswire/ — The Law Offices of Frank R. Cruz today announced a class action lawsuit against Millrose Properties, Inc. (“Millrose” or the “Company”) (NYSE: MRP) on behalf of investors who acquired the Company’s securities from February 7, 2025 to October 2, 2026. Filed on October 9, 2026, the case is Rubenstsein et al. v. Millrose Properties, Inc. et al., U.S. District Court for the Southern District of Florida, Case No. 9:26-cv-81386.
If you lost money on Millrose Properties, Inc. securities, submit your Millrose Properties, Inc. loss information by December 8, 2026 to learn about participating in the lawsuit.
Millrose Properties, Inc. class action timeline
- Class period begins: February 7, 2025
- Class period ends: October 2, 2026
- Complaint filed: October 9, 2026
- Lead plaintiff motion deadline: December 8, 2026
What happened?
On October 2, 2026, Hunterbrook published a report alleging that “[c]ontrary 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.” Further, the report stated that although “[a]ccounting rules say a company cannot book a sale to an entity it controls; a forensic accountant told Hunterbrook the question of Lennar’s control over Millrose seems ‘black and white’ in spirit[.”]
On this news, Millrose stock fell $2.10 per share, or 8.53%, to close at $22.51 on October 5, 2026, thereby injuring investors.
What is the Millrose Properties, Inc. lawsuit about?
The Millrose Properties, Inc. securities lawsuit alleges that, between February 7, 2025 and October 2, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Millrose Properties, Inc.’s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose 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, defendants’ positive statements about Millrose Properties, Inc.’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
“According to the complaint filed against Millrose Properties, Inc., the Company, among other things, did not disclose that 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. The December 8, 2026 deadline is a key date for Millrose Properties, Inc. investors who want a voice in how this case moves forward,” said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Millrose Properties, Inc. investors do now?
The Law Offices of Frank R. Cruz can help Millrose Properties, Inc. investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the Millrose Properties, Inc. class action must file a motion with the Court by December 8, 2026. For more information, visit the Millrose Properties, Inc. case page, email info@frankcruzlaw.com, or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. Millrose Properties, Inc. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Millrose Properties, Inc. case.
Questions and answers about the Millrose Properties, Inc. lawsuit
Who is eligible? Investors who bought Millrose Properties, Inc. securities between February 7, 2025 and October 2, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 8, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Millrose Properties, Inc. class action.
Must I be lead plaintiff to share in a recovery? No, Millrose Properties, Inc. investors can take no action and remain absent class members.
How are attorneys’ fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys’ fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
- Millrose Properties, Inc. case page, The Law Offices of Frank R. Cruz
- Complaint: Rubenstsein et al. v. Millrose Properties, Inc. et al., U.S. District Court for the Southern District of Florida
- Millrose Properties, Inc. SEC filings index, EDGAR
- The Law Offices of Frank R. Cruz
Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
