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Genworth Strikes $219M Deal To End Shareholder Suit

By Ed Beeson ( March 11, 2016, 9:32 PM EST) -- Genworth Financial Inc. has agreed to pay $219 million to settle a consolidated shareholder class action ahead of a trial over claims the insurer made false and misleading statements about the health of its long-term care business that resulted in a major stock drop in late 2014, Bernstein Litowitz Berger & Grossmann LLP said Friday....

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