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IN RE GENWORTH FINANCIAL, INC. SECURITIES LITIGATION
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June 21, 2017
Genworth Financial Inc. has agreed to pay $20 million to settle claims from a class of investors that it concealed poor market conditions prior to its Australian insurance unit's initial public offering, according to documents filed in New York federal court on Wednesday.
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March 04, 2016
Investors in multidistrict litigation accusing Genworth Financial of concealing poor market conditions prior to its Australian insurance unit's initial public offering pushed a New York federal judge Friday to certify their proposed class, arguing that Genworth hasn't raised any relevant issues to oppose it.
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March 03, 2016
A New York federal judge on Thursday refused to revisit his order denying Genworth Financial's bid to dismiss multidistrict litigation over an initial public offering delayed by a swell of mortgage insurance claims, rejecting Genworth's assertion that new evidence shows that two witnesses recanted their testimony.
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February 23, 2016
Genworth Financial asked a New York federal judge Monday not to certify a proposed class of investors suing it in multidistrict litigation over its delay of an initial public offering following a spike in mortgage insurance claims, saying the investors can't prove it made false statements.
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February 17, 2016
Genworth Financial on Wednesday blasted investors opposing the insurance giant's bid to dismiss multidistrict litigation over an initial public offering delayed by a swell of mortgage insurance claims, telling a New York federal judge that they've relied on "irrelevant distractions" in an effort to rescue recanted testimony from the cutting-room floor.
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February 09, 2016
A proposed class of Genworth investors asked a New York federal court not to toss their stock-drop suit over claims the insurer misled them ahead of delaying a subsidiary's initial public offering in 2012, saying the "recantations" by two confidential witnesses the insurer is relying on were flimsy and unfairly obtained.
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February 01, 2016
Investors accusing Genworth Financial of misrepresenting a mortgage insurance unit's path to an initial public offering told a New York federal judge Friday that they should be allowed to pursue the case as a class, arguing that the whole proposed class relied on the same alleged misstatements.
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June 16, 2015
A New York federal judge refused Monday to dismiss a proposed class action against Genworth Financial Inc. for allegedly lying to investors about a mortgage insurance unit's planned 2012 initial public offering, saying the latest amended complaint successfully pled its case.
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May 27, 2015
Shareholders in a proposed class action accusing Genworth Financial of lying to investors about a planned 2012 public offering struck back at a motion to dismiss in New York federal court on Tuesday, saying the company misled them even if it claims its statements were factually true.
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May 11, 2015
Genworth Financial Inc. asked a New York federal judge on Friday to dismiss a proposed class action accusing it of lying to investors about a planned 2012 public offering, arguing the investors don't provide evidence to support their claims.