SOURCE: Holzer Holzer & Fistel, LLC

June 27, 2008 11:40 ET

Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed on Behalf of Purchasers of First American Corporation Securities (NYSE: FAF)

ATLANTA, GA--(Marketwire - June 27, 2008) - A shareholder class action lawsuit has been filed in the United States District Court for the Southern District of New York against First American Corporation ("First American" or the "Company") (NYSE: FAF) and certain of its officers and directors on behalf of purchasers of First American common stock, who purchased between April 26, 2006 and November 6, 2007, inclusive (the "Class Period").

The lawsuit alleges the Company violated the Securities Exchange Act of 1934 by making false and misleading statements to the public in its press releases and in its Securities Exchange Commission filings. Specifically, the Complaint alleges that, during the Class Period, First American and certain of the Company's officers and directors engaged in an illegal scheme with Washington Mutual, Inc. ("WaMu") to artificially inflate appraisals of homes for use in connection with mortgages issued by WaMu. The complaint also alleges that, during the Class Period, the Company's management wrongfully reported increased earnings from appraisal fees and inaccurately reassured investors that internal controls were adequate.

If you are a shareholder of First American with questions concerning your legal rights, you are invited to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq., or Marshall P. Dees, Esq. via email at, or, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is a national law firm located in Atlanta, Georgia that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.