Deadline Upcoming In $219M Settlement In Genworth Investor Lawsuit

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 August 22, 2016 and NYSE:GNW investors should contact the Shareholders Foundation.San Diego, CA -- (SBWIRE) -- 08/16/2016 -- The Shareholders Foundation announced that a deadline is coming up on August 22, 2016 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 October 30, 2013 and November 5, 2014.

Investors who purchased a significant amount of shares of Genworth Financial Inc (NYSE: GNW) between October 30, 2013 and November 5, 2014, have certain options and should contact the Shareholders Foundation by email at [email protected] 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-08192014

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 August 22, 2016.

The lawsuit was originally filed in the U.S. District Court for the Eastern District of Virginia on behalf of investors who purchased Genworth Financial Inc (NYSE: GNW) common shares between October 30, 2013 and November 5, 2014.

August 19, 2014 - An investor in shares of Genworth Financial Inc (NYSE:GNW) filed a lawsuit in the U.S. District Court for the Southern District of New York against Genworth Financial Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between December 4, 2013 and July 29, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of Genworth Financial Inc (NYSE: GNW) common shares between December 4, 2013 and July 29, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 4, 2013 and July 29, 2014 Genworth Financial Inc allegedly failed to disclose that Genworth Financial Inc's long term care insurance ("LTC") claims were increasing in number and size, that Genworth Financial Inc would have to increase its reserves to meet these claims, and that, as a result of the foregoing, Genworth Financial Inc's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

Those who purchased shares of Genworth Financial Inc 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
[email protected] more information on this press release visit: http://www.sbwire.com/press-releases/deadline-upcoming-in-219-million-settlement-in-the-genworth-financial-inc-nysegnw-investor-lawsuit-714619.htm

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
Telephone: 858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com