Genworth Financial, Inc. (GNW)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Genworth Financial, Inc. (GNW)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Genworth Financial, Inc. (“Genworth” or the Company”) (NYSE: GNW). The investigation concerns whether Genworth and certain of its officers and/or directors have violated federal securities laws.
On February 4, 2020, post-market, Genworth announced its financial results for the fourth quarter and full year 2019. Among other results, Genworth announced fourth quarter earnings per share of only $0.05, significantly less than the consensus estimate of $0.20. In addition, Genworth 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.” On this news, Genworth’s stock price fell $0.24 per share, or 5.84%, to close at $3.87 per share on February 5, 2020.
If you are aware of any facts relating to this investigation, or purchased Genworth shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.