Ice awarded $155 million for pennymac misuse of black knight confidential information in mortgage servicing software

Atlanta & new york--(business wire)--intercontinental exchange, inc. (nyse:ice) a leading global provider of data, technology and market infrastructure, announced that an arbitrator has found pennymac loan services engaged in unauthorized use of black knight's confidential information in building the pennymac servicing systems environment (sse). the arbitrator awarded more than $155 million dollars, plus interest and attorneys' fees to black knight based on pennymac's conduct. pennymac is a for.
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