Complaint alleges Millrose Properties, Inc. misled investors between February 7, 2025 and October 2, 2026; investors may seek lead plaintiff role by December 8, 2026

LOS ANGELES, Oct. 21, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought Millrose Properties, Inc. ("Millrose" or the "Company") (NYSE: MRP) securities between February 7, 2025 and October 2, 2026. The Millrose Properties, Inc. case, Rubenstsein et al. v. Millrose Properties, Inc. et al., was filed on October 9, 2026 in the U.S. District Court for the Southern District of Florida (Case No. 9:26-cv-81386).

Investors who suffered losses on Millrose Properties, Inc. investments can submit their Millrose Properties, Inc. loss information here before the December 8, 2026 lead plaintiff deadline.

Key dates in the Millrose Properties, Inc. case

• Class period: February 7, 2025 to October 2, 2026
• Complaint filed: October 9, 2026
• Lead plaintiff 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.

"The complaint filed against Millrose Properties, Inc. alleges that, among other things, the Company failed to 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. For investors who bought during the class period, the December 8, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What's the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Millrose Properties, Inc. investors in potentially pursuing claims to recover their losses.

If you wish to serve as lead plaintiff in the Millrose Properties, Inc. class action, you must move the Court no later than December 8, 2026. To learn more about your rights, visit the Millrose Properties, Inc. case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).

You may retain counsel of your choice. If you bought Millrose Properties, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Millrose Properties, Inc. case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired Millrose Properties, Inc. securities between February 7, 2025 and October 2, 2026 and suffered losses may be members of the proposed class in the Millrose Properties, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by December 8, 2026.

What is a lead plaintiff? In the Millrose Properties, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Do I have to be lead plaintiff to recover? No. A Millrose Properties, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. Millrose Properties, Inc. investors may take no action and remain absent class members.

What is the deadline? Motions to serve as lead plaintiff in the Millrose Properties, Inc. class action must be filed by December 8, 2026.

Does it cost anything to contact Glancy or participate in this action? Glancy represents Millrose Properties, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.

Can I choose my own lawyer? Yes. Millrose Properties, Inc. investors may retain counsel of their choice.

Why work with Glancy on the Millrose Properties, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Millrose Properties, Inc. lawsuit. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

Related links

• Millrose Properties, Inc. case page, Glancy Prongay Wolke & Rotter LLP
• 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
• Glancy Prongay Wolke & Rotter LLP

Contact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com

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SOURCE Glancy Prongay Wolke & Rotter LLP