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Home / Opinion Digests / Investors Claim Fraud on Insurance ‘Reserves’ (access required)

Investors Claim Fraud on Insurance ‘Reserves’ (access required)

Plaintiff class of investors who allege defendant Genworth Financial repeatedly reassured investors that the company had adequate reserves for its primary product, long-term care insurance, but saw Genworth stock drop by 55 percent after the company revealed on Nov. 5, 2014, that it had to increase claim reserves by $531 million, has stated securities fraud ...

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