In re Genworth Financial, Inc. Securities Litigation

  1. September 26, 2016

    Genworth Shareholders Win $65M In Fees In Securities Suit

    A Virginia federal judge on Monday awarded Genworth Financial Inc. shareholders $65 million in attorneys' fees and expenses after they reached a $219 million settlement with the insurance company to resolve a consolidated shareholder class action claiming it made false and misleading statements about its long-term care insurance division.

  2. March 11, 2016

    Genworth Strikes $219M Deal To End Shareholder Suit

    Genworth Financial Inc. has agreed to pay $219 million to settle a consolidated shareholder class action ahead of a trial over claims the insurer made false and misleading statements about the health of its long-term care business that resulted in a major stock drop in late 2014, Bernstein Litowitz Berger & Grossmann LLP said Friday.

  3. January 15, 2016

    Genworth Says Uninformed Investors Can't Rep Class

    Genworth Financial Inc. said two institutional investors that claim they lost $4.8 million in share value after the insurer misrepresented the health of its long term care insurance business are too ignorant of their own claims to represent a proposed class of investors, asking a Virginia federal court on Thursday to deny class certification.

  4. May 04, 2015

    Genworth Still Facing Investors' Class Claims Of Deception

    A Virginia federal judge allowed several assertions to move forward in a proposed consolidated class action accusing Genworth Financial Inc. and its senior executives of misleading investors over the health of its reserves in the company's "core business" of long-term care insurance but trimmed some other claims Friday.