M.D.C. Holdings shareholders to receive $25M settlement from lawsuit over 2024 acquisition.

A class action lawsuit involving M.D.C. Holdings shareholders who sold their shares for $63 each in the 2024 acquisition by SH Residential Holdings has reached a $25 million settlement. The settlement, pending court approval, resolves claims against defendants Larry Mizel and David Mandarich. A hearing is scheduled for June 18, 2026, to finalize the settlement terms and class certification. Eligible shareholders will receive a pro rata share of the settlement fund without needing to submit claims.