The First American Corporation Announces WorldCom, Inc. Bond Exposure
August 12, 2002
SANTA ANA, Calif., /PRNewswire-FirstCall/ -- The First American Corporation (NYSE: FAF), a leading, diversified provider of business information and related products and services, announced today that the company will take a $13.6 million pretax, or $8.0 million after-tax, charge against earnings in the quarter ended June 30, 2002, to reflect exposure related to the decline in value and collectability of WorldCom bonds in the principal amount of $16.5 million.
Source: The First American Corporation