Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Black Knight Inc (NYSE: BKI) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Black Knight Inc (NYSE: BKI) concerning whether a series of statements by Black Knight Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 6, 2019, PennyMac Financial Services, Inc. (“PennyMac”), revealed that it had filed a lawsuit against Black Knight, “alleging that Black Knight . . . uses its market-dominating LoanSphere® MSP mortgage loan servicing system to engage in unfair business tactics that both entrap its licensees and create barriers to entry that stifle competition.”
According to a press release by PennyMac, “[t]he lawsuit alleges that Black Knight violated the federal Sherman Act, the California Cartwright Act and California’s Unfair Competition Law and engaged in unfair competition under common law” and that PennyMac “seeks, among other relief, to preliminarily and permanently enjoin Black Knight’s wrongful practices, and seeks the recovery of actual and statutory damages.”
Following this news, NYSE: BKI fell over 7.5% to close at $57.65 on November 6, 2019.
Based in Jacksonville, Florida, and founded in 2013 Black Knight Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States.
If you purchased shares of Black Knight Inc (NYSE: BKI) on or before November 6, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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