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PennyMac Wins Quick 9th Circ. Appeal Of Libor-Rate Ruling

By Dorothy Atkins ( May 6, 2025, 11:37 PM EDT) -- A California federal judge on Monday allowed PennyMac entities to pursue their quick appeal in a proposed class action alleging they illegally imposed a lower fixed interest rate instead of a variable rate on preferred-stock dividends, asking the Ninth Circuit to clarify whether the Libor Act bars such fixed rates....

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