PennyMac 'Shocked' Investors With Post-Libor Fix, Suit Says

By Jon Hill · June 17, 2024, 9:03 PM EDT

PennyMac's mortgage investment arm has been hit in California federal court with a proposed class action accusing it of using last year's discontinuation of Libor to unfairly and unlawfully lock in...

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Documents

Case Information

Case Title

Roberto Verthelyi v. PennyMac Mortgage Investment Trust et al

Case Number

2:24-cv-05028

Court

California Central

Nature of Suit

Stockholders Suits

Date Filed

June 14, 2024