NYSE: BKI Investor Notice: Investigation of Black Knight, Inc. over potential Violations of Securities Laws announced
An investigation for investors in Black Knight, Inc. (NYSE: BKI) shares over potential securities laws violations by Black Knight.
Investors who purchased shares of Black Knight, Inc. (NYSE: BKI), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Black Knight, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Jacksonville, FL based Black Knight, Inc. provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Black Knight, Inc. reported that its annual Total Revenue rose from over $1.05 billion in 2017 to over $1.11 billion in 2018 and that its Net Income declined from $182.3 million in 2017 to $168.50 million in 2018.
On November 6, 2019, PennyMac Financial Services, Inc. (“PennyMac”), announced that it had filed a lawsuit against Black Knight, Inc., “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 announcement 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.”
Shares of Black Knight, Inc. (NYSE: BKI) declined from $64.80 per share on November 1, 2019 to as low as $53.61 per share on November 6, 2019.
Those who purchased shares of Black Knight, Inc. (NYSE: BKI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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