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BRIEF-Lennar reports one-time charge for litigation from 2008

April 10 Lennar Corp

* Lennar reports one-time charge for litigation from 2008

* Lennar Corp - Recorded a litigation accrual which will result in Q1 net earnings being lower than $130.8 million, or $0.56 per diluted share

* Based on court hearing co now believes it is appropriate to record a one-time charge of $140 million for the litigation

* Lennar Corp - In addition to accrual, company would purchase property which is subject of litigation for $114 million Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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