Keller Rohrback L.L.P. Announces Ongoing ERISA Investigation of the First American Corp. 401(K) Savings Plan
SEATTLE, Dec. 11 /PRNewswire/ — Keller Rohrback L.L.P. (http://www.erisafraud.com) today announced its ongoing investigation against First American Corp. (“First American” or the “Company”) for potential violations of the Employee Retirement Income Security Act of 1974 (“ERISA”).
The investigation focuses on investments in First American stock by the First American Corporation 401(K) Savings Plan (the “Plan”). Keller Rohrback’s investigation involves concerns that First American and other administrators of the Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan.
A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants’ retirement savings. For more information, follow the link below.