MRP Securities Class Action: Johnson Fistel Alerts Millrose Properties, Inc. Investors to December 8, 2026 Lead Plaintiff Deadline

SAN DIEGO, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a shareholder-rights law firm, announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf of investors who purchased or otherwise acquired Millrose Properties, Inc. (NYSE: MRP) securities between February 7, 2025 and October 2, 2026, inclusive (the “Class Period”).

The lawsuit, captioned Rubenstein et al. v. Millrose Properties, Inc., et al., No. 9:26-cv-81386, alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. Investors seeking appointment as lead plaintiff must move the Court by December 8, 2026.

To learn more about the Millrose Properties class action and submit your information, visit:

https://www.johnsonfistel.com/investigations/millrose-properties-inc/

What Is the Millrose Properties Class Action About?

Millrose Properties is a publicly traded company spun off from Lennar Corporation in February 2025. The Company described its business as a platform focused on land purchases, horizontal development, and homesite option purchase arrangements for Lennar and potentially other homebuilders and developers.

According to the complaint, defendants made materially false or misleading statements concerning Millrose’s business model, operations, and prospects. The lawsuit focuses on allegations that Millrose’s activities involving completed homes and rental properties differed from representations made to investors.

The complaint alleges that defendants failed to disclose that:

(1) Millrose’s business objectives were not limited to land purchases, horizontal development, and homesite option arrangements for homebuilders;

(2) despite prior representations, Millrose would enter into lease agreements and have tenants in its properties;

(3) Millrose would purchase approximately $200 million worth of completed homes from Lennar Corporation; and

(4) Millrose allegedly would rent the homes purchased from Lennar at a loss, rendering defendants’ positive statements about the Company’s business, operations, and prospects materially misleading or without a reasonable basis.

On October 2, 2026, Hunterbrook Media published a report alleging that Millrose had purchased an estimated $200 million of Lennar homes in approximately one month and was renting them at what appeared to be a loss. Millrose shares subsequently declined $2.10 per share, or approximately 8.5%, from a closing price of $24.61 on October 2, 2026 to $22.51 on October 5, 2026. These are allegations, not findings of liability.

What Is a Lead Plaintiff?

A lead plaintiff is a court-appointed investor who represents the proposed class in directing the litigation. Investors seeking appointment as lead plaintiff in the Millrose Properties class action must file their motions with the Court by December 8, 2026.

Serving as lead plaintiff is not required to share in any potential recovery. Investors may retain counsel of their choice, take no action, or remain absent members of the proposed class. No class has yet been certified.

Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. This press release may be considered a promotional communication. Frank J. Johnson is the attorney responsible for this communication.

Contact
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations
(619) 814-4471
jimb@johnsonfistel.com