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

1 comments:

Anonymous said...

Interesting news on First American...yet the government will stand by it's decision on HVCC because "AMCs are a proven business model to protect the public". B.S.