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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 5, 2000
THE PMI GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13664 94-3199675
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
601 Montgomery Street, San Francisco, California 94111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (415) 788-7878
______________________________________________________________
(Former name or former address, if changed since last report.)
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Item 5. Other Events
On December 17, 1999, G. Craig Baynham and Linnie Baynham (collectively, the
"Plaintiffs") filed a putative RESPA class action lawsuit against PMI Mortgage
Insurance Co., the Company's mortgage insurance subsidiary. (For details
relating to this action, see the Company's Form 8-K filed December 29, 1999.)
On April 10, 2000, Plaintiffs filed a motion for leave to file a First Amended
Complaint, adding two additional named Plaintiffs, Jerry M. Tucker and Ann
Helms. Although Plaintiffs were allowed to file the First Amended Complaint,
they have not yet served it on PMI. On May 15, 2000, Plaintiffs filed a motion
for leave to file a Second Amended Complaint, again naming Jerry M. Tucker and
Ann Helms as additional plaintiffs, and including additional allegations in
support of their contention that RESPA's one year statute of limitations should
be equitably tolled as to claims of putative class members who paid mortgage
insurance premiums on or after December 17, 1996. On May 31, 2000, the Court
granted Plaintiffs' motion for leave to file a Second Amended Complaint.
The Company continues to contest this action vigorously. Based upon the
information presently available to the Company, management believes that this
matter will not have a material adverse effect on the Company's financial
position or results of operations. However, the outcome of litigation is
inherently uncertain and accordingly there can be no assurance that the ultimate
outcome of this matter will not have a material adverse effect on the Company's
financial position or results of operations.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
None.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
The PMI Group, Inc.
(Registrant)
June 5, 2000 By: /s/ VICTOR J. BACIGALUPI
Victor J. Bacigalupi
Executive Vice President,
General Counsel and Secretary
