Faruqi & Faruqi, LLP is Investigating PennyMac Mortgage Investment Trust on Behalf of its Shareholders - PMT
Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and the enforcement of federal antitrust laws, is investigating potential claims against the Board of Directors of PennyMac Mortgage Investment Trust (“PMT” or the “Company”) (NYSE: PMT) concerning possible breaches of fiduciary duty and other violations of state law.
The investigation concerns founder, Chairman, and Chief Executive Officer (“CEO”) Stanford L. Kurland on claims of self-dealing in connection with certain statements made by PennyMac Financial Services, Inc. (“PennyMac Financial Services”) in its February 2013 initial public offering statement. Specifically, the statement revealed that PMT paid PennyMac Financial Services and its subsidiaries $96 million in 2012, a significant increase from $8 million in 2010 and $22 million in 2011. Mr. Kurland has been the Chairman and Chief Executive Officer of PennyMac Financial Services since its formation in January 2008. Shareholders interested in seeking to recover damages on behalf of PMT and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold PMT shares and you would like to discuss your legal rights, you can contact us by calling Michael J. Hynes free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to firstname.lastname@example.org.