NVR, Inc. (NYSE: NVR)


The firm is investigating a derivative case against NVR, Inc. (NYSE: NVR), a Virginia corporation that builds homes in the United States under the trade names of Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc Homes. The company also offers mortgage banking services to its homebuilding customers.

Despite the housing industry crisis, one of the nation's richest executive pay packages in 2010 went to NVR’s President and CEO, whose total compensation was $31 million, and CFO, whose total compensation was $13 million. The CEO’s 3000% increase over compensation granted in 2009 was seemingly discretionary and was not tied to the Company’s performance. The CFO’s compensation is 300% more than the next highest paid peer CEO in the industry, and NVR’s Board has continuously treated him with partiality to the detriment of NVR shareholders. At NVR’s annual shareholder meeting on May 3, 2011, the Company’s shareholders voted down NVR’s 2010 compensation packages.

We seek to commence a shareholder derivative action on behalf of NVR 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 June 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.

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