Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of First American Financial Corporation (NYSE: FAF) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of First American Financial Corporation (NYSE: FAF) concerning whether a series of statements by First American Financial Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 24, 2019, a report published by Brian Krebs of krebsonsecurity.com claimed that First American may have allowed unauthorized access to more than 885 million records related to mortgage deals going back to 2003. First American said that it learned of a “design defect in one of its production applications that made possible unauthorized access to customer data” and has shut down external access.
On this news, NYSE: FAF fell by more than 6%, closing at $51.80 per share on May 28, 2019.
Based in Santa Ana, California, and founded in 1889 First American Financial Corporation provides financial services.
If you purchased shares of First American Financial Corporation (NYSE: FAF) on or before May 24, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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