Rice, et al. v. Genworth Financial Incorporated, et al.

  1. April 05, 2018

    Genworth, Investors Reach Deal To End Suit Over $2.7B Sale

    Investors in insurer Genworth Financial Inc. on Wednesday urged a Virginia federal judge to preliminarily approve a deal resolving their proposed class action over alleged shortcomings in the company's disclosures about its planned $2.7 billion sale to a Chinese conglomerate.

  2. May 31, 2017

    Genworth Investor Calls Rival's Conflict Claims 'Baseless'

    Two groups continued to duke it out in Virginia federal court over which Genworth Financial Inc. investors will be named lead plaintiff in a case challenging the insurer's $2.7 billion sale, with one side accusing the other on Tuesday of resorting to "fantastic arguments" about non-existent conflicts of interest.

  3. May 23, 2017

    Genworth Investors Say Lead Plaintiff Rival Has Conflict

    Genworth Financial Inc. investors told a Virginia federal court Monday that Scott + Scott LLP and Johnson & Weaver LLP should not be named lead counsel in their case challenging the insurer's $2.7 billion sale, saying the firms' client has an incurable conflict of interest from prosecuting two related actions in Delaware court.

  4. May 02, 2017

    Genworth Investors Fight For Top Spot In $2.7B Merger Action

    The battle continued Monday over which investors will be named lead plaintiffs in a suit in Virginia federal court challenging the $2.7 billion cash sale of insurer Genworth Financial Inc., with one side accusing the other of having a conflict of interest by prosecuting a separate derivative action on behalf of the company.

  5. April 18, 2017

    Genworth Investors Vie To Lead Fight Over $2.7B Merger

    Investors suing insurer Genworth Financial Inc. over its planned $2.7 billion cash sale to a financial holding group owned by Chinese billionaire Lu Zhiqiang filed competing motions to be named lead plaintiffs in Virginia federal court Monday.