{"id":384346,"date":"2020-11-18T14:39:19","date_gmt":"2020-11-18T19:39:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384346"},"modified":"2020-11-18T14:39:19","modified_gmt":"2020-11-18T19:39:19","slug":"faf-investors-december-24-2020-filing-deadline-in-class-action-contact-lieff-cabraser","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/faf-investors-december-24-2020-filing-deadline-in-class-action-contact-lieff-cabraser\/","title":{"rendered":"FAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser"},"content":{"rendered":"

<\/p>\n

FAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser<\/b><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nThe law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of First American Financial Corporation<\/a> (\u201cFirst American\u201d or the \u201dCompany\u201c) (NASDAQ: FAF) between February 17, 2017 and October 22, 2020<\/b>, inclusive (the \u201cClass Period\u201d).\n<\/p>\n

\nIf you purchased or otherwise acquired First American securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than December 24, 2020<\/b>. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.\n<\/p>\n

First American investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here<\/a> or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.\n<\/p>\n

Background on the First American Securities Class Litigation<\/span><\/p>\n

\nFirst American, headquartered in Santa Ana, California, provides financial services through its title insurance and services segment and its specialty insurance segment. The action alleges that, during the Class Period, defendants made materially false and misleading statements and\/or failed to disclose that (1) the Company failed to implement security standards to protect its customers\u2019 confidential personal and other information, and (2) the Company faced an increased risk of cybersecurity failures as a result of its automation and efficiency initiatives.\n<\/p>\n

\nOn May 24, 2019, the data security news website, www.KrebsOnSecurity.com<\/a>, reported a massive leak of \u201chundreds of millions of [customer] documents\u201d by First American. First American\u2019s website exposed approximately 885 million files, \u201cincluding bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and driver\u2019s license images.\u201d On this news, the price of First American stock fell $3.46 per share, or over 6%, from its closing price of $55.26 on May 24, 2019, to close at $51.80 on May 28, 2019, on unusually heavy trading volume.\n<\/p>\n

\nOn October 22, 2020, following the close of the market, First American filed its third quarter of 2020 Form 10-Q with the SEC, revealing that the Company had received a Wells Notice from the SEC enforcement staff regarding the security breach. According to the notice, \u201c[t]he SEC enforcement staff is questioning the adequacy of disclosures the Company made at the time of the incident and the adequacy of its disclosure controls\u2026[and] has made a preliminary determination to recommend a filing of an enforcement action by the SEC against the Company.\u201d On this news, the price of First American stock fell $4.83 per share, or more than 9%, from its closing price of $51.58 on October 21, 2020, to close at $46.75 per share on October 22, 2020, on extremely heavy trading volume.\n<\/p>\n

About Lieff Cabraser<\/b><\/p>\n

\nLieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.\n<\/p>\n

The National Law Journal<\/i> has recognized Lieff Cabraser as one of the nation\u2019s top plaintiffs\u2019 law firms for fourteen years. In compiling the list, the National Law Journal<\/i> examines recent verdicts and settlements and looked for firms \u201crepresenting the best qualities of the plaintiffs\u2019 bar and that demonstrated unusual dedication and creativity.\u201d Law360<\/i> has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm\u2019s \u201claser focus\u201d and noting that our firm routinely finds itself \u201cfacing off against some of the largest and strongest defense law firms in the world.\u201d Benchmark Litigation<\/i> has named Lieff Cabraser one of the \u201cTop 10 Plaintiffs\u2019 Firms in America.\u201d\n<\/p>\n

\nFor more information about Lieff Cabraser and the firm\u2019s representation of investors, please visit https:\/\/www.lieffcabraser.com\/<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201118006004\/en\/<\/a><\/span><\/p>\n

\nSharon M. Lee
\n
Lieff Cabraser Heimann & Bernstein, LLP
\n
Telephone: 1-800-541-7358\n<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

FAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser SAN FRANCISCO–(BUSINESS WIRE)– The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of First American Financial Corporation (\u201cFirst American\u201d or the \u201dCompany\u201c) (NASDAQ: FAF) between February 17, 2017 and October 22, 2020, inclusive (the \u201cClass Period\u201d). If you purchased or otherwise acquired First American securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than December 24, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your … <\/p>\n

Continue reading “FAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384346","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/faf-investors-december-24-2020-filing-deadline-in-class-action-contact-lieff-cabraser\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FAF INVESTORS: December 24, 2020 Filing Deadline in Class Action \u2013 Contact Lieff Cabraser SAN FRANCISCO–(BUSINESS WIRE)– The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of First American Financial Corporation (\u201cFirst American\u201d or the \u201dCompany\u201c) (NASDAQ: FAF) between February 17, 2017 and October 22, 2020, inclusive (the \u201cClass Period\u201d). 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