Friday, May 8, 2009

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.

Copy of suit HERE

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