Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Genworth Financial, Inc.
(“Genworth” or the “Company”) (NYSE:GNW). The investigation concerns
possible violations of federal securities laws, and focuses on certain
statements issued by the Company concerning Genworth’s business,
operations and financial prospects.
Genworth is a financial services company and provides insurance,
including life insurance, long-term care insurance and fixed annuity
products, and investment and financial solutions in the United States
and internationally. The investigation is related to allegations that
the Company misrepresented or failed to disclose that Genworth was not
adequately accounting for its loss reserves related to its Australian
mortgage insurance unit, and the Company had far greater exposure to
anticipated losses and defaults than it had previously disclosed,
related to insurance written in the Queensland, Australia, coastal area
and insurance written in 2007 and 2008 to small business and
self-employed borrowers.
If you purchased Genworth shares between February 3, 2012 and April 17,
2012, if you have information or would like to learn more about these
claims, or if you have any questions concerning this announcement or
your rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
215-638-4847, Toll-Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Copyright Business Wire 2014