Shareholder Sues First American Corp

From Courthouse News Service:

First American Corp. provided 260,000 false and inflated appraisals to Washington Mutual in the past 2 years, inflating its own share price through false and misleading statements, according to a shareholder derivative class action. The class claims First American did this through its subsidiary, eAppriaseIT.

Read "Shareholders Say Appraiser Lied for WaMu"

Copy of suit HERE