First American Financial Corp. Securities Litigation
On or around 11/05/2020 (Date of last review)
Filing Date: October 25, 2020
According to the Complaint, First American Financial Corp., through its subsidiaries, provides financial services through its title insurance and services segment and its specialty insurance segment.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company failed to implement basic security standards to protect its customers’ sensitive personal information and data; (2) the Company faced a heightened risk of cybersecurity failure due to its automation and efficiency initiatives; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
Company & Securities Information
Defendant: First American Financial Corp.
Industry: Insurance (Miscellaneous)
Headquarters: United States
Ticker Symbol: FAF
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
James Floyd, et al. v. First American Financial Corp., et al.