An investigation on behalf of current long term investors in First American Financial Corporation (NYSE:FAF) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/19/2021 -- Certain directors of First American Financial Corporation are under investigation over possible breaches of fiduciary duties.
Investors who are current long term investors in First American Financial Corporation (NYSE: FAF) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: FAF stocks follows a lawsuit filed against First American Financial Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: FAF stocks, concerns whether certain First American Financial Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the Company failed to implement basic security standards to protect its customers' sensitive personal information and data, that the Company faced a heightened risk of cybersecurity failure due to its automation and efficiency initiatives, and that as a result, defendants' public statements were materially false and misleading at all relevant times. According to the suit, these true details were disclosed by a market research firm.
Those who purchased shares of First American Financial Corporation (NYSE: FAF) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.