NEW ORLEANS, Nov. 13, 2007 LAWFUEL – US Litigation Newswire — Kahn Gauthier Swick, LLC
(“KGS”) announces that it is investigating the financial losses
suffered by employees and former employees of First American Corp.
(“First American” or the “Company”) (NYSE:FAF) who participated in the
company’s 401(K) Savings Plan under the Employee Retirement Income
Security Act of 1974 (“ERISA”).
First American and its ERISA Plan administrators may have violated the
law and breached important duties of trust and prudence owed to Plan
participants. First American employees’ 401(K) accounts may have been
weighted too heavily with First American stock. Further, these accounts
may have been overly invested in First American stock during the time
First American shares declined significantly in value, thereby
resulting in excessive losses for First American employees.
If you are a former First American employee who participated in the
Company’s 401(K) Savings Plan and are interested in protecting the
value of your investment, you are encouraged to e-mail or call KGS,
without obligation or cost to you. You may contact Lewis Kahn of KGS
toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or
by email at [email protected].
To learn more about KGS, you may visit http://www.kgscounsel.com. KGS
focuses its practice on securities class action litigation, and has
been appointed lead counsel in numerous federal securities class
actions. KGS is paid a fee if and only if we obtain a recovery.