Taylor Morrison expects $55M liability in Solivita club fee litigation; Florida Supreme Court declines review

Taylor Morrison Home Corp

Florida Supreme Court declined jurisdiction on Solivita club fee class action; appeals court earlier affirmed trial court ruling.
Company expects to record approx. $55M liability in Q4 2023, covering trial judgment, fees collected during appeal, and post-judgment interest.
Separate Bellalago community (2,500 lots) has similar stayed lawsuit; amounts for that matter and pre-judgment interest are indeterminable.
Company states club fee issue isolated to AV Homes legacy communities Solivita and Bellalago; no ownership in TerraLargo where similar suit filed.

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