PennyMac Class Seeks Chancery OK For $6.8M Settlement

By Jeff Montgomery (February 4, 2021, 9:32 PM EST) -- Attorneys for PennyMac Financial Services Inc.'s minority stockholders urged a Delaware vice chancellor Thursday to approve a proposed $6.85 million settlement for a class challenge to an allegedly unfair corporate restructuring that mainly benefited PennyMac's big investors, led by BlackRock Inc....

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