MDC Holdings, Inc. (NYSE: MDC)

The firm is investigating a derivative case against MDC Holdings, Inc. (NYSE: MDC), a Delaware corporation headquartered in Colorado. The Company’s subsidiaries have been building homes under the name "Richmond American Homes" for over 35 years, and MDC’s financial services segment originates mortgage loans and offers third-party insurance products to homebuyers.

MDC’s executive compensation program is in dire need of reformation, as demonstrated by consistently poor annual shareholder returns, rising compensation despite poor company performance, a clear disconnect between pay and performance, and gross overpayment in comparison to peer companies. MDC’s CEO’s compensation rose from $6.5 million in 2008 to well over $9 million in 2009 and 2010. His pay is nearly four times the median pay for peer CEOs at companies with superior shareholder returns. Other top MDC executives have seen comparable increases in pay despite the company’s poor performance. At the Company’s annual shareholder meeting on March 1, 2011, 65% of the Company’s shareholders rejected the Company’s proposed additional excessive compensation for 2010.

We seek to commence a shareholder derivative action on behalf of MDC against certain of its current officers and directors for breach of fiduciary duty, waste of corporate assets, and unjust enrichment relating to the Board's excessive compensation practices.

If you are a current shareholder who purchased prior to March 2010 and would like to discuss your options of exercising your rights as a shareholder, which includes ensuring that the board of directors will act in the best interest of the shareholders, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.