Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Genworth Financial, Inc. (NYSE: GNW) resulting from allegations that Genworth may have issued materially misleading business information to the investing public.
On February 4, 2020, post-market, Genworth announced its financial results for the fourth quarter and full year 2019. Among other results, Genworth announced fourth quarter earnings per share of only $0.05, significantly less than the consensus estimate of $0.20. In addition, Genworth advised investors that its merger agreement with China Oceanwide Holdings Group Co., Ltd., originally agreed to in 2016, had been extended to “not later than March 31, 2020.”
On this news, Genworth’s stock price fell $0.24 per share, or 5.84%, to close at $3.87 per share on February 5, 2020.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Genworth investors. If you purchased shares of Genworth please visit the firm’s website at http://www.rosenlegal.com/cases-register-1784.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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