Class Certification Sought In Mortgage Appraisal Case

Law360, New York (October 16, 2009, 5:02 PM EDT) -- A Pennsylvania pension fund has asked a court to certify a shareholder class action alleging First American Corp. and its unit eAppraiseIT worked with Washington Mutual Inc. to manipulate real estate appraisals.

In a motion filed Thursday in the U.S. District Court for the Southern District of New York, the Berks County Employees Retirement Fund said class status is appropriate because the class likely will include thousands of shareholders.

“Lead plaintiff seeks to represent a class consisting of a large number of First American purchasers who...
To view the full article, register now.