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 certain on
statements issued by Genworth concerning the Company’s business and
financial prospects.
Genworth is a financial services company, and provides insurance,
investment and financial solutions in the United States and
internationally. The investigation is related to reports that the
Company was reviewing whether it had set aside enough funds 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.”
If you purchased Genworth securities, 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