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...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Order

Case Information

Case Title

Roberto Verthelyi v. PennyMac Mortgage Investment Trust et al

Case Number

Court

California Central

Nature of Suit

Stockholders Suits

Date Filed

June 14, 2024

Recent Articles By Katryna

February 07, 2025
Rocket Mortgagors Say New Judge Tilted 4th Circ. Decision
January 15, 2025
Wells Fargo Unit Sued Over Ex-Rep's EB-5 Investment Scheme
December 16, 2024
SEC Wants Out Of PE Firm's 'Fishing Expedition' Suit
December 13, 2024
US Bank Fails To Beat RMBS Suit From Commerzbank
November 12, 2024
Nationstar Gets COVID-19 Loan Aid Suit Tossed For Good
October 30, 2024
Mortgage Co. Says Pension Fund Can't Jump In To Lead Suit
October 17, 2024
Rocket Investors Eye New Cert. Bid After Post-Goldman Denial
October 02, 2024
Colony Ridge Seeks Quick Appeal In 'Reverse Redlining' Suit
September 26, 2024
Healthcare REIT Defeats Investor Suit For Good
August 29, 2024
PNC Asks 4th Circ. To Reconsider HELOC 'Offset' Ban Ruling