Glancy
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of Genworth Financial Inc. (“Genworth”
or the “Company”) (NYSE:GNW) concerning possible violations of federal
securities laws. The investigation focuses on certain statements issued
by the Company concerning Genworth’s business and financial prospects.
Please contact Casey Sadler, Esquire, at (888) 773-9224 or (310)
201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
Genworth is a financial services company, and provides insurance,
investment and financial solutions in the United States and
internationally. The investigation relates to news reports that on July
30, 2014, the Company’s shares fell the most since 2012 after announcing
that it was reviewing whether enough funds had been set aside for
claims. According to Bloomberg News, the Company’s Chief
Executive Officer, who told investors in December 2013 that Genworth had
adequate reserves for coverage, said on July 30, 2014, that he was
speaking then about a broad measure of the Company’s finances, that Wall
Street got the wrong impression about the strength of the Company’s
long-term care reserves half a year ago, and that he “never said in the
overall discussion that we wouldn’t have quarterly volatility.” Bloomberg
also quoted an analyst at Morgan Stanley, who said in a research note
that Genworth “had downplayed the risk of a reserve charge.”
If you purchased shares of Genworth, 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 Casey Sadler, Esquire, of Glancy Binkow &
Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, by toll-free telephone at (888) 773-9224 or by
telephone at (310) 201-9150, by e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2014