IN RE GENWORTH FINANCIAL, INC. SECURITIES LITIGATION

  1. June 21, 2017

    Genworth Agrees To $20M Settlement In Suit Over Unit's IPO

    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.

  2. March 04, 2016

    Genworth Investors Continue Push For Class Cert. In IPO Suit

    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.

  3. March 03, 2016

    'Recantations' Don't Sink Genworth IPO Suit, Judge Says

    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.

  4. February 23, 2016

    Genworth Slams Investors' Class Cert. Bid In IPO Suit

    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.

  5. February 17, 2016

    Genworth Says Witness Recantations Ruin Investors' IPO Suit

    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.

  6. February 09, 2016

    Investors Rip Genworth's 'Recantation' Claims In IPO Suit

    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.

  7. February 01, 2016

    Genworth Investors Seek Class Cert. In Suit Over Unit IPO

    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.

  8. June 16, 2015

    Genworth Must Face Investor Suit Over Delayed IPO

    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.

  9. May 27, 2015

    Shareholders Fight Dismissal In Genworth Delayed IPO Suit

    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.

  10. May 11, 2015

    Delayed IPO Suit Has Too Many Defects, Genworth Says

    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.