The PennZone

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of First American Financial Corporation ("First American Financial" or the "Company") (NYSE: FAF) investors concerning the Company's possible violations of federal securities laws.

On May 24, 2019, KrebsOnSecurity reported that First American Financial's website "leaked hundreds of millions of documents related to mortgage deals going back to 2003." The records included bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and driver's license images—all of which "were available without authentication to anyone with a Web browser." Approximately 885 million records were exposed.

On this news, the Company's share price fell $3.31, or 6%, to close at $49.52 per share on May 28, 2019, thereby injuring investors.

More on The PennZone

• Ashikaga Flower Park's "Great Wisteria Festival 2026"
• Washington County PA Real Estate is Changing Here's What Homeowners Need to Know Before Selling
• Architect of Neurodiversity Will Lead the First U.S. Team of Autistic Children to the "Genius Cup" in Hiroshima, Japan, in 2027
• Deborah E. Jones Introduces Emotional Sovereignty, a Powerful New Book on Emotional Mastery, Resilience, and Intentional Living
• New Research Identifies "The Busy Effect": 89% of Americans Want a Laid-Back Vacation — Only 15% Actually Achieve It

On October 22, 2020, after the market closed, First American Financial disclosed that it had received a Wells Notice from the SEC, regarding a preliminary determination to file an enforcement action against the Company related to the security breach. The SEC questioned the adequacy of the Company's disclosures at the time of the incident and the adequacy of its disclosure controls.

On this news, the Company's share price fell sharply during afterhours trading on October 22, 2020.

If you purchased First American Financial securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

---

Show All News | Disclaimer | Report Violation