Faruqi & Faruqi, LLP Encourages Investors Who Suffered

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Genworth Financial, Inc. (GNW) to Contact the Firm

NEW YORK, NY --(Marketwired - August 29, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Genworth Financial, Inc. ("Genworth" or the "Company") ( NYSE : GNW ) of the October 20, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Genworth and certain executives.

A complaint has been filed in the Southern District of New York on behalf of all persons who purchased Genworth securities between December 4, 2013 through July 29, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, the Company failed to disclose: (i) that Genworth's long term care insurance ("LTC") claims had grown in both number and size; and (ii) that the reserves of the Company would have to increase in order to meet these claims.

On July 29, 2014, Genworth announced that its LTC insurance division had suffered from higher losses than the prior quarter because of the increased number and size of LTC insurance claims. The Company further disclosed that it was conducting a comprehensive review concerning the adequacy of its claim reserves.

Following this news, the price of Genworth stock declined by $2.28, over 14%, to close at $13.98 on July 30, 2014.

Request more information now by clicking here:  www.faruqilaw.com/GNW . There is no cost or obligation to you.

Take Action

If you invested in Genworth stock or options between December 4, 2013 through July 29, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/GNW . You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com . Faruqi & Faruqi, LLP also encourages anyone with information regarding Genworth's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw .

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. rgonnello@faruqilaw.com Telephone: (877) 247-4292 or (212) 983-9330

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Quay Sunglasses: Luxury Looks, Affordable Prices

Updated Category News Views 2

Ah, sunglasses—the quintessential accessory that screams both practicality and style. A million-dollar look without the million-dollar expense? That's where Quay comes in. They've been recognized by Expert Consumers, no less, as some of the best-in-class for affordable luxury eye candy out there—aimed at shoppers who want the designer vibe without the hemorrhaging...

Continue Reading
Jackson Wang's Fantasy IP Hits Hong Kong Stage

Updated Category News Views 4

A Star-Studded Fantasy Comes Alive Hong Kong isn't just about dim sum and skyline views—it's a magnet for celebrity showcases, and this time, Jackson Wang's pulling the strings. The guy's ventured beyond music and idol fame, diving head-first into creative visuals with his fantasy IP, "Under the Castle" (UTC). Pairing up with Ocean Park's Halloween Fest, he's cooked up...

Continue Reading
CVS Health Under Fire: Fiduciary Duty Breach?

Updated Category News Views 2

CVS Under Regulatory Spotlight for Fiduciary Breaches You'd think by now companies would have their fiduciary ducks in a row. But here we are, with CVS Health Corporation (NYSE: CVS) catching heat from the legal eagles over at Halper Sadeh LLC. The knife’s out for some of the big wigs – apparently, there's chatter they might’ve slipped on their duty to play nice...

Continue Reading
Geron Corp Faces Fiduciary Duty Investigation

Updated Category News Views 4

Spotlight on Geron's Corporate Governance: What's Happening? The heat's been turned up on Geron Corporation this week, with Halper Sadeh LLC, an investor rights law outfit, digging into whether some folks at the helm have strayed from their fiduciary duties to the shareholders. Now, if you're holding onto NASDAQ:GERN stock or thinking about diving in, it's high time to...

Continue Reading
AI and Storytelling Make Waves in Science Education

Updated Category News Views 4

University's Innovative Approach to Learning Alright, here's something you don't see every day. The University of Phoenix managed to snag some kudos from an academic journal for using AI and storytelling to teach environmental science. That's like hitting two bulls-eyes with one shot in the world of education. The recognition from Glacies for this Editor's Choice paper...

Continue Reading
Krispy Kreme Faces Legal Probe: Fiduciary Breach?

Updated Category News Views 3

Diving Deep into the Krispy Kreme Allegations Look, this isn't your run-of-the-mill donut drama. When you hear rumblings of corporate missteps, especially ones that involve potential breaches of fiduciary duties, it's time to perk up those ears. Over at Krispy Kreme, Inc. (NASDAQ:DNUT), there's some heat in the kitchen, and it's not just from frying those glazed beauties....

Continue Reading
PACS Group Faces Legal Scrutiny: What to Watch

Updated Category News Views 3

PACS Group: Legal Storm Brewing Welcome to the latest saga in the volatile theater of corporate governance. PACS Group, Inc., ticker symbol NYSE:PACS, is under the microscope, and not for debuting a groundbreaking product or hitting a stock milestone. Nope, instead we've got Halper Sadeh LLC out of New York investigating some possible hanky-panky from PACS directors and...

Continue Reading
HONA Faces Legal Heat: Investor Lawsuit Over Losses

Updated Category News Views 4

The Investor Storm Brewing Over Honeywell Aerospace There it is again, another industry heavyweight caught in a dizzying whirlwind of litigation. Honeywell Aerospace Inc. (NASDAQ:HONA), a name as established as an old boot in the business, now faces a class action lawsuit that's got investors frantically dusting off phone numbers for their attorneys. The Messy Allegations...

Continue Reading

Top 5 Most Recently Viewed Articles

Alkermes Launches 7th Annual Pathways Research Grants Program

Updated Category News Views 121

Alkermes Launches 7th Annual Pathways Research Awards Program Alkermes plc (Nasdaq: ALKS) is excited to announce the start of its seventh annual Alkermes Pathways Research Awards program. This initiative is designed to support emerging researchers striving to enhance our knowledge of psychiatric conditions, especially schizophrenia and bipolar disorder. The application...

Continue Reading
Preparing for a Major Shift in Gold and Mining Investments

Updated Category News Views 111

Gold Pricing Dynamics and Future Predictions As we look towards the future of gold price discovery, it is clear that Asia will play a vital role in this process. However, this transition will take time and deliberate transformation. In the United States, a considerable amount of the gold price is still influenced by the ongoing actions and sentiments surrounding economic...

Continue Reading
Cohu Boosts AI and Data Analytics with Tignis Acquisition

Updated Category News Views 113

Cohu Expands its AI and Data Analytics Capabilities Cohu, Inc. (NASDAQ: COHU), a leading global supplier of semiconductor manufacturing equipment and services, has made a strategic move by entering into an agreement to acquire Tignis, Inc. This acquisition is poised to significantly enhance Cohu's data analytics and artificial intelligence (AI) capabilities, crucial for...

Continue Reading
Alpha Modus Steps Up Against RetailNext Over Patent Rights

Updated Category News Views 128

Alpha Modus Takes Legal Stand Against RetailNext In a significant move to defend its intellectual property, Alpha Modus Holdings, Inc. (Nasdaq: AMOD) has initiated a patent infringement lawsuit against RetailNext Inc. This legal action, filed in the U.S. District Court for the Eastern District of Texas, underscores Alpha Modus's commitment to protecting its innovations...

Continue Reading
Investigation into Oklo Inc. Sparks Concerns Among Investors

Updated Category News Views 1089

Investigation into Oklo Inc. Sparks Concerns Among Investors Pomerantz LLP has recently announced an investigation concerning claims related to Oklo Inc. (NYSE: OKLO). Investors are encouraged to reach out to legal representatives for further information regarding this matter. Understanding the Investigation This investigation examines whether Oklo and some of its...

Continue Reading