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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 a lower dividend for some of its preferred stock, stiffing investors out of millions....

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