Home Builders

An Oct. 15, 2008 status conference is scheduled for the consolidated shareholder derivative suit filed against KB Home’s current and former directors and officers in the U.S. District Court for the Central District of California.

The first suit, tagged Redfield v.…

Arbitration proceedings involving Hovnanian Enterprises, Inc.’s subsidiary, K. Hovnanian Enterprises, Inc., and GMAC Model Home Finance, LLC were settled on Sept. 4, 2008.

On April 4, 2008, K. Hovnanian Enterprises initiated arbitration proceedings against GMAC to resolve a dispute arising under…