Case Background:
The Class Period commences on February 17, 2017, when First American filed an annual report on a Form 10-K with the SEC, announcing its financial and operating results for the fiscal year ended December 31, 2016. The Form 10-K made clear to investors that First American understood its information and data services were a key component of First American’s success.
The complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) First American failed to implement basic security standards to protect its customers’ sensitive personal information and data; (2) First American faced a heightened risk of cybersecurity failure due to its automation and efficiency initiatives; and (3) as a result, the defendants’ public statements were materially false and misleading at all relevant times.
Current Status of Case:
On May 11, 2022, the Court granted Defendants’ Motion to Dismiss the complaint with prejudice, and Judgment was entered closing the case. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.