Glancy Prongay & Murray LLP Announces Investigation on Behalf of Black Knight, Inc. Investors
LOS ANGELES--(BUSINESS WIRE)--Nov 13, 2019--
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Black Knight, Inc. (“Black Knight” or the “Company”) (NYSE: BKI ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On November 6, 2019, PennyMac Financial Services, Inc. (“PennyMac”) filed a lawsuit against Black Knight for unfair and deceptive trade practices, alleging that Black Knight used its market dominance in mortgage loan servicing systems to entrap licensees and stifle competition. The Complaint also reveals that PennyMac gave notice that it was terminating its contract with Black Knight in May 2019. Black Knight failed to properly disclose to the market the loss of this significant customer and substantial revenue source.
On this news, Black Knight’s share price fell $4.69, or nearly 8%, to close at $57.65 per share on November 6, 2019, thereby injuring investors.
If you purchased Black Knight securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191113005980/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2019.
PUB: 11/13/2019 07:00 PM/DISC: 11/13/2019 07:00 PM