Levi & Korsinsky LLP Investigates Board of First Advantage Corporation
NEW YORK, June 30, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating the Board of Directors of First Advantage Corporation ("First Advantage" or the "Company") (Nasdaq:FADV) for possible breaches of fiduciary duty and other violations of state law in connection with a proposed sale of the Company to First American Corporation (NYSE:FAF) ("First American"). Under the terms of the proposal, First Advantage stockholders will receive 0.5375 shares of First American common stock for each share of the First Advantage they own. Based on the June 26, 2009 closing price of the common stock of First American, the proposed exchange ratio represents an offer price of $14.04 per First Advantage share.Filed by admin at June 30th, 2009 under News