PennyMac final arbitration award: $150.2M to Black Knight, wins antitrust injunction

PennyMac Financial Services, Inc.

Final award: PennyMac pays Black Knight $150.2M damages plus $7.0M prejudgment interest; $158.4M pretax accrued in Q4 2023.
Arbitrator granted PennyMac's Sherman Act monopolization claim, enjoining Black Knight; SSE technology remains PennyMac's proprietary asset.
Black Knight's trade secret claim denied; ICE (Black Knight's parent) stated it will not seek to vacate award.
PennyMac filed motion to confirm award in Florida state court; plans to pursue value from SSE platform.
Initial damages of $155.2M corrected to $150.2M due to computational error; no further modifications pending.

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