PMI Hires Evercore, Law Firms to Explore Restructuring
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PMI Group Inc., the mortgage insurer that had its main unit seized by regulators last week, hired Evercore Partners Inc. to explore a possible restructuring.
PMI also retained the law firms Sullivan & Cromwell LLP and Young Conaway Stargatt & Taylor LLP, according to a regulatory filing today from the Walnut Creek, California-based insurer, which has posted 16 straight quarterly losses.