NEW YORK, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Genworth Financial, Inc. ("Genworth" or the "Company") (NYSE:GNW) common stock between December 4, 2013 and July 29, 2014.
For more information, click here: http://zlk.9nl.com/genworth-financial-gnw.
The complaint alleges that throughout the class period, the Company failed to disclose: (a) that the Company's long term care insurance claims were increasing in number and size; (b) that the Company would have to increase its reserves to meet these claims; and (c) that as a result of the aforementioned, the Company's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Genworth Financial you have until October 20, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/genworth-financial-gnw.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.