|
|
|
Milberg Weiss Investigates 401(k) Savings Plan
Class Action |
2007/11/14 15:17
|
The law firm of Milberg Weiss LLP is investigating possible illegal conduct relating to The First American Corporation 401(k) Savings Plan. Specifically, Milberg Weiss is investigating whether certain fiduciaries of the plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") in at least two ways: (1) by allowing employee participants to invest in First American common stock when it was not prudent to do so, and (2) by failing to disclose First American’s problems.
The Milberg investigation relates to certain facts alleged in the lawsuit filed on November 1, 2007 by the Attorney General of the State of New York against First American Corporation (NYSE:FAF) and its wholly-owned subsidiary, eAppraiseIT. The suit alleges that First American Corporation violated federal and state laws by conspiring with Washington Mutual to inflate real estate appraisals. Disturbingly, evidence collected by the Attorney General, including internal emails, are alleged to show that eAppraiseIT executives knew that their scheme was illegal.
If you have an individual account with The First American Corporation 401(k) Savings Plan and your account holds First American Corporation common stock, you may have legal claims under ERISA.
Milberg Weiss LLP has been representing individual and institutional investors for nearly 40 years and serves as lead counsel in federal and state courts throughout the United States. Please visit the Milberg Weiss website (http://www.milbergweiss.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact the following attorneys:
Lori G. Feldman
Anita B. Kartalopoulos
Milberg Weiss LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY, 10119-0165
Phone number: (800) 320-5081
Email: contactus@milbergweiss.com
Website: http://www.milbergweiss.com |
|
|
|
|
|
|
Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
Law Firm Directory
|
|
Legal News RSS Feed
