NEW YORK, 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 $96 million the previous year—a significant increase from $8.6 million in 2010 and $23.4 million 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 email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/pennymac-mortgage-pmt/ . Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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 www.zlk.com SOURCE Levi & Korsinsky, LLP
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV