Judge Grants Final Approval Of $219M Settlement In Genworth Securities Suit

Mealey's (September 28, 2016, 1:36 PM EDT) -- RICHMOND, Va — A federal judge in Virginia on Sept. 26 granted final approval of a $219 million securities class action settlement, ruling that the settlement and plan of allocation are fair, reasonable and accurate (In re Genworth Financial Inc. Securities Litigation, No. 14-682, E.D. Va.).

(Opinion granting final approval of settlement available. Document #57-161017-014Z. Order granting plan of allocation available. Document #57-161017-015R.)

U.S. Judge John A. Gibney Jr. of Eastern District of Virginia granted the motions, holding that the settlement and plan of allocation are...
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