NEW YORK–LAWFUEL – The Class Actions Newswire – Attorney Advertising. The law firm of Milberg Weiss LLP is investigating possible illegal conduct relating to The First American Corporation 401(k) Savings Plan. Specifically, Milberg Weiss is investigating whether certain fiduciaries of the plan may have violated the Employee Retirement Income Security Act of 1974 (“ERISA”) in at least two ways: (1) by allowing employee participants to invest in First American common stock when it was not prudent to do so, and (2) by failing to disclose First American’s problems.
The Milberg investigation relates to certain facts alleged in the lawsuit filed on November 1, 2007 by the Attorney General of the State of New York against First American Corporation (NYSE:FAF) and its wholly-owned subsidiary, eAppraiseIT. The suit alleges that First American Corporation violated federal and state laws by conspiring with Washington Mutual to inflate real estate appraisals. Disturbingly, evidence collected by the Attorney General, including internal emails, are alleged to show that eAppraiseIT executives knew that their scheme was illegal.
If you have an individual account with The First American Corporation 401(k) Savings Plan and your account holds First American Corporation common stock, you may have legal claims under ERISA.
Milberg Weiss LLP has been representing individual and institutional investors for nearly 40 years and serves as lead counsel in federal and state courts throughout the United States. Please visit the Milberg Weiss website (http://www.milbergweiss.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact the following attorneys:
Lori G. Feldman
Anita B. Kartalopoulos
Milberg Weiss LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY, 10119-0165
Phone number: (800) 320-5081
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