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A Louisiana judge has paused a lawsuit against D.R. Horton while waiting for an appeals court to decide whether the lawsuit should head to arbitrator.
The Mandarin Lakes community claims it is more than $1.8 million in debt because of D.R. Horton failures on assessment collections and utility arrears.
In 2003, the company acquired Sivage-Thomas Homes. [12] In 2009, the company acquired Centex for $1.3 billion in stock. [13] [14] In August 2014, the company acquired the real-estate assets of Dominion Homes for $82 million. [15] The company changed its name from Pulte Homes, Inc. to PulteGroup, Inc. in March 2010. [16]
The company was founded in 1978 by Donald R. Horton. [6] Horton took the company public in 1992, and as of 2020 owned about 6% of the company. [7] In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8]
Homebuilder D.R. Horton will be the major builder in the current phase of Tartesso. In October 2016, Dolphin's affiliate Tartesso Partners LLC sold DR Horton 158 lots for $3,822,500, or $24,200 per lot. [2] D.R. Horton's Express Homes division opened its first Tartesso subdivision in late 2016, and closed homes in January 2017. [3]
The lawsuit seeks $120 in damages — $40 million in actual damages from lost income, inflation-related increases in material labor and financing costs due to construction delays.
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The lawsuit, first filed in August 2022, has included a flurry of back and forth filings from attorneys for the plaintiff, Jill McClure and the defendant, Ghost Town in the Sky LLC, whose managing ...