An investigation was announced concerning potential securities laws violations by Genworth Financial, Inc. in connection with certain financial statements.
Investors who purchased shares of Genworth Financial, Inc. (NYSE: GNW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Genworth Financial, Inc. (NYSE: GNW) concerning whether a series of statements by Genworth Financial, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Richmond, VA based Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. Genworth Financial, Inc. reported that its annual Total Revenue rose from over $8.29 billion in 2017 to over $8.43 billion in 2018.
On February 4, 2020, post-market, Genworth Financial, Inc. announced its financial results for the fourth quarter and full year 2019. Among other results, Genworth Financial, Inc. announced fourth quarter earnings per share of only $0.05, significantly less than the consensus estimate of $0.20. In addition, Genworth Financial, Inc advised investors that its merger agreement with China Oceanwide Holdings Group Co., Ltd., originally agreed to in 2016, had been extended to "not later than March 31, 2020."
Shares of Genworth Financial, Inc. (NYSE: GNW) declined from $4.93 per share in December 2019 to as low as $3.70 per share on February 10, 2020.
On February 20, 2020, NYSE: GNW shares closed at $4.32 per share.
Those who purchased shares of Genworth Financial, Inc. (NYSE: GNW) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
