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| KBH > SEC Filings for KBH > Form 8-K on 24-Dec-2008 | All Recent SEC Filings |
24-Dec-2008
Other Events
On December 9, 2008, KB Home (the "Company") entered into a Stipulation of
Settlement (the "Settlement Agreement") with the plaintiffs in the pending
federal derivative lawsuits which have been consolidated as In re KB Home
Shareholder Derivative Litigation, and the plaintiffs in the pending state
derivative lawsuits which have been consolidated as In re KB Home Derivative
Litigation. On December 15, 2008, the United States District Court for the
Central District of California (the "District Court") issued an order
preliminarily approving the Settlement Agreement. Upon final approval by the
District Court, the federal litigation will be dismissed, and the parties have
agreed that the state court litigation will be dismissed as well. The terms of
the Settlement Agreement are described in the notice attached hereto as
Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Notice of Settlement of Derivative Litigation
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