Law firm looks at First American 401(k) plan

First American Corp. might have violated ERISA by failing to manage the assets of the $1.2 billion 401(k) plan prudently, according to officials at Keller Rohrback, a law firm. Frank McMahon, senior vice president of Santa Ana, Calif.-based First American, did not return two calls for comment. Attorneys for Keller Rohrback are looking into whether plan fiduciaries invested assets in company stock when it was no longer a prudent investment option. According to the MMD, First American had $470 million in assets in company stock as of June 2006.