BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Genworth Financial Inc. (“Genworth” or the “Company”) (NYSE:GNW). The investigation concerns possible violations of federal securities laws and focuses certain on statements issued by Genworth concerning the Company’s business and financial prospects.
Genworth is a financial services company, and provides insurance, investment and financial solutions in the United States and internationally. The investigation is related to reports that the Company was reviewing whether it had set aside enough funds for claims.
According to Bloomberg News, the Company’s Chief Executive Officer, who told investors in December 2013 that Genworth had adequate reserves for coverage, said on July 30, 2014, that he was speaking then about a broad measure of the Company’s finances, that Wall Street got the wrong impression about the strength of the Company’s long-term care reserves half a year ago, and that he “never said in the overall discussion that we wouldn’t have quarterly volatility.”
If you purchased Genworth securities, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.