July 19, 2013
/PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of PennyMac Mortgage Investment Trust ("PMT" or the "Company") (NYSE: PMT) stock.
For more information, click here: http://zlk.9nl.com/pennymac-mortgage-pmt/
The investigation concerns allegations that PMT's Chairman and CEO,
Stanford L. Kurland
, benefited through PennyMac Financial Services, Inc. ("PennyMac Financial") at PMT's expense. In PennyMac Financial's 2013 Initial Public Offering it was revealed that PMT paid PennyMac Financial and its subsidiaries more than
the previous year—a significant increase from
in 2010 and
in 2011. Kurland has been the Chair and CEO of PennyMac Financial since its formation in 2008. It was further acknowledged that PMT accounted for more than one-third of PennyMac Financial's net revenue in 2012, and that, "The members of our senior management team may have conflicts in allocating their time and services between our operations and the activities of PMT, the Investment Funds and other entities or accounts managed by us now or in the future."
If you own PMT stock and wish to obtain additional information about the investigation and your legal rights please contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP