NEW YORK, May 29, 2019 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of First American Financial Corp., ("First American" or the "Company") (FAF) resulting from allegations that First American and/or its executives may have issued materially misleading information to the investing public.
If you purchased First American securities, and/or would like to discuss your legal rights and options please visit First American FAF Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
On May 24, 2019, Brian Krebs of krebsonsecurity.com published a report alleging that First American may have allowed unauthorized access to more than 885 million records related to mortgage deals going back to 2003. According to reports, 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 May 28, 2019, the first trading day following the news, First American's shares fell $3.46 per share, about 6.3%, to close at $51.80 per share.
If you purchased First American securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/firstamericanfinancial-faf-shareholder-lawsuit-class-action-fraud-stock-137/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
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