Black Knight, Inc. (BKI)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Black Knight, Inc. (BKI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Black Knight, Inc.(“Black Knight” or “the Company”) (NYSE: BKI). The investigation concerns whether Black Knight and certain of its officers and/or directors have violated federal securities laws.
On November 6, 2019, PennyMac Financial Services, Inc. (“PennyMac”), a customer of Black Knight’s mortgage software products since 2008, announced that it had filed a lawsuit against Black Knight in U.S. District Court for the Central District of California, “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.” PennyMac’s press release specified that “[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.” On this news, Black Knight’s stock price fell sharply during intraday trading on November 6, 2019.
If you are aware of any facts relating to this investigation, or purchased Black Knight shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.