Software Provider Seeks Ax Of Loan Servicer's Antitrust Suit
Law360 (January 3, 2020, 8:13 PM EST) -- Black Knight Inc., a mortgage servicing software provider, asked a California federal court to throw out a suit brought by PennyMac Loan Services, saying PennyMac "misunderstands fundamental tenets of federal antitrust law."
In addition to the motion to dismiss filed Thursday, Black Knight also filed a motion to move the entire case to Florida district court, outlining that the contract governing its relationship with PennyMac requires the case be litigated in the Sunshine State.
PennyMac sued Black Knight in U.S. District Court for the Central District of California on Nov. 6, accusing the company of stifling competition in the market for...
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