BALA CYNWYD, Pa., June 30, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of First Advantage Corp. ("First Advantage" or the "Company") (Nasdaq:FADV) related to the proposed merger with First American Corp. ("First American") (NYSE:FAF) in an all stock deal. First American has offered First Advantage shareholders $0.5375 a share for their stock. Based on First American's closing price on June 29, 2009, the deal is presently worth $13.84 a share for First Advantage holders. In addition to First American's significant representation on the Board of First Advantage due to owning approximately 75% of First Advantage's stock, the deal appears to be undervalued given the fact that as of June 29th, First Advantage stock was trading at over $15.00 a share, more than the current offer.
If you are a First Advantage shareholder and wish to discuss the legal ramifications of the proposed acquisition by First American, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.