PennyMac pays $150.2M final award to Black Knight; court confirms arbitration ruling

PennyMac Financial Services, Inc.

Arbitrator's final award of $150.2M plus interest paid in full on Feb 14, 2024.
Florida State Court confirmed award on March 15, giving preclusive effect.
PennyMac's antitrust counterclaim granted; Black Knight enjoined from enforcing exclusive-dealing clauses.
PennyMac's SSE technology remains proprietary, free of restrictions, and can be commercialized.
Pretax expense of $158.4M accrued in Q4 2023; payment now complete.

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