GENWORTH FINANCIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Genworth Financial, Inc. -- GNW


NEW ORLEANS, Oct. 8, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 20, 2014 to file lead plaintiff applications in a securities class action lawsuit against Genworth Financial, Inc. (NYSE:GNW), if they purchased the Company's securities during the period between December 4, 2013 and July 29, 2014, inclusive (the "Class Period"). This action is pending both in the United States District Court for the Southern District of New York and the United States District Court for the Eastern District of Virginia.

What You May Do

If you purchased shares of Genworth and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 20, 2014.

About the Lawsuit

Genworth and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.

The Complaint alleges that, during the Class Period, Genworth misrepresented or concealed the adequacy of the Company's reserves for its long-term care insurance ("LTC") division, the sustainability of Genworth's margins for the LTC business, and the Company's ability to successfully manage the LTC business. When the truth regarding the LTC business was revealed, the price of Genworth stock declined from $16.26 per share to $13.98 per share, or approximately 14%, on heavy trading volume.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.



            

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