PennyMac Can't Avoid Investors' Suit Over Post-Libor Rate

By Katryna Perera · February 27, 2025, 10:07 PM EST

A California federal judge has ruled PennyMac's mortgage investment arm must face a suit accusing it of using last year's discontinuation of Libor to unlawfully lock in a lower dividend for...

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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