DENVER, Dec. 8, 2006 (PRIME NEWSWIRE) -- The law firm of Shuman & Berens LLP (www.shumanberens.com) today encouraged persons who currently own the common stock of First American Corporation (NYSE:FAF) to contact Kip B. Shuman of Shuman & Berens LLP at 1-800-711-6483 or via email at kip@shumanberens.com, concerning their rights and interests regarding possible stock option backdating at the company.
Shuman & Berens LLP is investigating allegations concerning potentially improper backdating of First American Corporation stock options granted to company employees. On November 2, 2006, the company reported that a review of its past stock option practices has found that the actual measurement dates of some past stock option grants may have differed from their recorded dates. As a result, the company expects to record additional non-cash charges for stock-based compensation expense.
For a free consultation regarding your rights and interests with respect to your First American Corporation stockholdings, you may contact Kip B. Shuman of Shuman & Berens LLP at 1-800-711-6483, or via email at kip@shumanberens.com.
Shuman & Berens LLP's attorneys have extensive experience in prosecuting shareholder litigation and have played significant roles in securities actions throughout the nation. For more information about Shuman & Berens LLP go to www.shumanberens.com.