LENNAR CORP: Court Dismisses Plaintiff’s Claim in Derivative Suit

Lennar Corp. disclosed in its quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on March 31, 2010, the Court issued an order dismissing the plaintiff’s claims with prejudice related to a derivative suit in…

KB HOME: Feb. 9 Hearing Set for Settlement on Derivative Suits

KB Home disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the Los Angeles County Superior Court has scheduled a hearing for February 9, 2009, to determine whether it should finally…

BEAZER HOMES: Bond Indenture Trustee Litigation Concluded

Beazer Homes USA, Inc. disclosed in its latest Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission that on June 25, 2008, trustees of holders of junior notes and the Company filed a stipulation dismissing the…

BEAZER HOMES: Seeks to Dismiss 3 Derivative Shareholder Actions

Beazer Homes USA, Inc., and other defendants on derivative shareholder action pending in Georgia filed motions on Nov. 21, 2008, to dismiss the amended consolidated complaint, the Company disclosed in its latest Annual Report on Form 10-K filed with the…

BEAZER HOMES: Internal Probe Reveals Unit Violated HUD Rules

Beazer Homes USA, Inc., disclosed in its latest Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission that the Audit Committee of its Board of Directors has completed the Investigation of Beazer Homes’ mortgage origination business,…

BEAZER HOMES: Accrues $17.9M at Sept. 30 for Liability Claims

Beazer Homes USA, Inc., as of Sept. 30, 2008, has accrued US$17.9 million in other liabilities related to construction defects, moisture intrusion and related mold claims and product liability, the Company disclosed in its latest Annual Report on Form 10-K…

HOVNANIAN ENTERPRISES: GMAC Model Home Matter Settled on Sept. 4

Hovnanian Enterprise, Inc. says that parties in a case involving GMAC Model Home Finance, LLC, on Sept. 4, 2008, entered into a settlement and release agreement resolving all disputes under a purchasing agreement.

On April 4, 2008, K. Hovnanian Enterprises, Inc.,…

QEP CO: Rosebery’s Action Over Benzene Exposure Pending in N.Y.

The lawsuit captioned John Rosebery et al v. 3M Marine, et al., Index No. 21464/07, is pending in the New York Supreme Court, County of Suffolk, according to Q.E.P. Co. Inc.’s Form 10-Q, filed with the Securities and Exchange Commission,…

KB HOME: Cooperating with DOJ on Option Grant Practices Probe

KB Home continues to cooperate with the Department of Justice in its investigation into stock option grant practices.

In August 2006, the Company announced that it had received an informal inquiry from the Securities and Exchange Commission relating to the Company’s…

KB HOME: Shareholder Derivative Lawsuits Remain Stayed in L.A.

The shareholder derivative actions against various former and current directors and officers of KB Home in the Los Angeles Superior Court are still stayed.

The first suit, tagged Wildt v. Karatz, et al., was filed on July 10, 2006. On Aug.…

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