Civ. A. No. 3:14-cv-00682-JAG
Welcome to the settlement website for the In re Genworth Financial, Inc. Securities Litigation (the “Action”).
Update: On May 30, 2017 Lead Counsel filed a motion for approval of a distribution order. You may review the motion and papers in support on the Court Documents page.
Court-appointed Lead Plaintiffs, Her Majesty the Queen in Right of Alberta (“Alberta”) and Fresno County Employees’ Retirement Association (“Fresno”) (“Lead Plaintiffs”), on behalf of themselves and the Settlement Class (defined below), have reached a proposed settlement of the Action for $219 million USD in cash (the “Settlement”) that, if approved, will resolve all claims in the Action.
If you are a member of the Settlement Class, your rights may be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
All persons and entities who purchased or otherwise acquired the publicly traded Genworth Securities between October 30, 2013, and November 5, 2014, inclusive (the “Settlement Class Period”), and were allegedly damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see, paragraph 25 of the Notice).
“Genworth Securities” includes the following:
Genworth common stock (CUSIP No. 37247D106) and the following Genworth Bonds: Fixed Senior Unsecured Notes due 5/22/2018; Fixed Senior Unsecured Notes due 6/15/2020; Fixed Senior Unsecured Notes due 2/15/2021; Fixed Senior Unsecured Notes due 9/24/2021; Fixed Senior Unsecured Notes due 8/15/2023; Fixed Senior Unsecured Notes due 2/15/2024; Fixed Senior Unsecured Notes due 6/15/2034; and Variable Junior Subordinated Notes due 11/15/2066.
IMPORTANT DATES AND DEADLINES:
|June 22, 2016||To exclude yourself from the Settlement Class, you must submit a written request for exclusion so that it is received no later than June 22, 2016, in accordance with the instructions in the Notice.|
|June 22, 2016||Any objections to the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, must be received no later than June 22, 2016, in accordance with the instructions in the Notice.|
|July 20, 2016 at 2:00 p.m.||The Settlement Hearing will be held on July 20, 2016 at 2:00 p.m., before the Honorable John A. Gibney, Jr. at the Spottswood W. Robinson III and Robert R. Merhige, Jr., Federal Courthouse, 701 East Broad Street, Richmond, VA 23219, to determine, among other things, whether the proposed Settlement is fair, reasonable and adequate and should be approved; whether the proposed Plan of Allocation is fair and reasonable and should be approved; and whether Lead Counsel’s motion for an award of attorneys’ fees and reimbursement of Litigation Expenses should be approved.|
|August 22, 2016||Claim Filing Deadline: Claim Forms must be postmarked no later than August 22, 2016, to be potentially eligible for a payment from the Settlement, unless otherwise ordered by the Court.|