May 12, 2022
A California federal judge Wednesday tossed for good an investor suit alleging First American Financial concealed its flawed security, exposing 850 million customers' sensitive information and causing a stock drop, saying the reworked complaint doesn't add any evidence the company knew about the breach when it made data security disclosures.
September 22, 2021
A California federal judge on Wednesday tossed an investor suit alleging First American Financial concealed its flawed security, exposing 850 million customers' sensitive information and causing its stock to drop, finding that the investors haven't shown the company knew about the breach when it made data security risk disclosures.