Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $20 Million Settlement in the Genworth Financial Inc (NYSE:GNW) Investor Lawsuit

Via: ReleaseWire

Updated 12:15 PM CST, Tue, November 14,2017

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Genworth Financial Inc (NYSE:GNW) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on November 22, 2017 and NYSE:GNW investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/14/2017 -- Shareholders Foundation announces that a deadline is coming up on November 22, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Genworth Financial Inc (NYSE:GNW) between November 3, 2011 and April 17, 2012.

Investors who purchased a significant amount of shares of Genworth Financial Inc (NYSE:GNW) between November 3, 2011 and April 17, 2012, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Genworth Financial Inc (NYSE:GNW) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/genworth-financial-inc-nyse-gnw-investor-securities-class-action-lawsuit-04042014

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is November 22, 2017. The class action administrator for this case is Gilardi & Co LLC.

The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Genworth Financial Inc over alleged violations in connection with certain allegedly false and misleading statements made between February 3, 2012 and April 17, 2012. According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of Genworth Financial Inc (NYSE:GNW) between February 3, 2012 and April 17, 2012 that Genworth Financial Inc and certain of its officers and directors violated Federal Securities Laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. More specifically, the plaintiff claims that between February 3, 2012 and April 17, 2012, defendants disseminated allegedly false and misleading statements to the investing public, including about the stability and outlook of the Company's Australian mortgage insurance unit or the Company's ability to complete an initial public offering ("IPO") of its Australian business unit in the second quarter of 2012 and that as a result of defendants' statements, Genworth Financial Inc's (NYSE:GNW) stock traded at allegedly artificially inflated prices between February 3, 2012 and April 17, 2012, trading as a high of $9.54 per share on February 21, 2012.

Those who purchased shares of Genworth Financial Inc (NYSE: GNW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-20-million-settlement-in-the-genworth-financial-inc-nysegnw-investor-lawsuit-891535.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com