http://jcci.org/jcciwebsite/pages/contact.html
One of the nation’s largest Lennar (NYSE: LEN) said the homews were built primarily in 2006 and 2007 and make up a smalklpercentage – 2.1 percent in the states and 0.5 of percent nationwide – of the totakl homes delivered. The company said it has put asidesnearly $40 million in warranty reservese to pay for the and that, as of May 31, those reserves, net of was $34.4 million. The companty said it has $20.
7 million receivablw to pay for damageds under its insurance coverage and it is seekint reimbursementfrom subcontractors, insurersx and others for cost it expects to incutr to investigate and repair any damage, according to the In addition, as of July 10, the company said it was awar of 41 Florida state court lawsuita and two federal class actionw that had been filed againsty it by those impacted by the defectiver drywall. The federal cases have been consolidates toa multi-district courgt in Louisiana.
Lennar said it has filex suit in Miami-Dade Circuit Court against the entiresupply chain, including the Chinese and German manufacturers of the defective It also has moved to stop all 41 state court actions, allowinbg builders to make the repairs. Shared were down 23 cents to $8.09 in morning trading. The 52-week high was $16.90 on Sept. 19. The 52-week low was $3.42 on Nov. 21.
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