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Class Alleges Genworth Is Sinking Own Long-Term Care Unit

By Daniel Siegal ( September 21, 2018, 9:00 PM EDT) -- Insurance holding company Genworth Financial was hit with a putative class action in Delaware Chancery Court on Friday by holders of long-term care policies from one of its subsidiaries, who allege that the parent company is sabotaging their benefits by fraudulently transferring the subsidiary's assets to its other units....

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