Settlement of In re Genworth Financial, Inc. Securities Litigation
Master File No. 1:14-cv-02392-AKH
The parties have reached a settlement of this action, pending in the United States District Court for the Southern District of New York. The settlement provides for the payment of $20,000,000 for the benefit of eligible Class Members. Lead Plaintiffs City of Hialeah Employees’ Retirement System and New Bedford Contributory Retirement System alleged that Defendants made materially false and misleading statements to investors in violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder.
The Class consists of all purchasers of publicly traded Genworth Financial, Inc. (the “Company”) common stock during the period from November 3, 2011 through April 17, 2012, inclusive, who were allegedly damaged by the conduct at issue in the Litigation. Excluded from the Class are Defendants; the Officers and directors of the Company, at all relevant times; members of the immediate families of excluded persons, and their legal representatives, heirs, successors or assigns; and any entity in which Defendants have or had a controlling interest. Also excluded from the Class is any Class Member that validly and timely requests exclusion from the Class or whose request for exclusion is accepted by the Court.
The settlement was preliminarily approved by the Court on July 31, 2017. The Court has scheduled a final approval hearing for November 15, 2017, at 4:00 p.m.
If you are a Class Member, to receive a payment from the settlement proceeds, you must submit a claim form postmarked no later than November 22, 2017. The claim form can be obtained by clicking on the Proof of Claim and Release link below.
Alternatively, you can submit your claim online. Online claims must be submitted by November 22, 2017. For more information, and to file your claim online, visit the Claims Administrator’s Genworth Litigation website at www.Genworth2017SecuritiesSettlement.com.
If you have any questions about the settlement or the Litigation, please contact Rick Nelson at 1-800-449-4900.