Investor rights law firm Faruqi & Faruqi, LLP has recently reminded investors that the deadline to apply to serve as lead plaintiff in the securities class action lawsuit against United Homes Group, Inc. (Nasdaq: UHG) is June 9, 2026.

Investors who purchased or otherwise acquired United Homes Group, Inc. securities between May 19, 2025, and February 22, 2026, and suffered losses, must apply to the court to serve as lead plaintiff by this deadline.

The Lawsuit's Origin

The lawsuit stems from an acquisition transaction announced by United Homes Group on February 23, 2026. Controlling shareholder and founder Michael Nieri agreed to sell the company to Stanley Martin Homes for $1.18 per share, a 50% discount to the closing price the day before the announcement.

This followed an announcement on May 19, 2025, in which the company stated its board had appointed a special committee of independent directors to initiate a "strategic alternatives review" to explore ways to maximize shareholder value, including a potential sale of the company, asset sales, or refinancing.

Key Events and Price Drops

On October 20, 2025, the special committee announced that "continuing to execute the Company's strategic plan as an independent public company is in the best interests of the Company and its shareholders."

However, on the same day, the company disclosed that all six other board members besides Nieri were prepared to resign, contingent on the "existing management team being fully empowered to execute the strategic plan" and "Mr. Nieri resigning as Executive Chairman and forfeiting his remaining cash compensation."

Nieri rejected these conditions, leading to the immediate resignation of all six directors, which caused the company's stock price to plummet approximately 52% that day.

The crisis continued, with the company subsequently reporting that it delivered only 262 homes in the third quarter of 2025, a 29% year-over-year decline, with revenue falling to $90.8 million.

On February 23, 2026, United Homes Group announced its agreement to be acquired for $1.18 per share, causing the stock to fall another 51.68% that day, closing at $1.15.

Compared to the class period high of $4.49 per share, this represents a cumulative loss of $3.11 per share, or approximately a 73% decline.

Defendants and Allegations

The lawsuit also names CEO John G. Micenko, Jr. and CFO Keith Feldman as defendants.

It alleges they made false certifications in SEC filings attesting that the company's disclosure controls were "effective."

Investor Recourse

Faruqi & Faruqi encourages investors who suffered losses during the class period to contact the firm to learn about their rights and options.

Investors are not required to serve as lead plaintiff to share in any potential recovery from the lawsuit.