First American Financial Corp. Securities Litigation
On or around 02/05/2021 (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.
On January 27, 2021, the Court issued an Order appointing Lead Plaintiff and Counsel.
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