Andrews & Springer LLC filed a class action against Genworth Financial, Inc. and its affiliates ("Genworth") on behalf of long-term policy holders.
The complaint challenges a deliberate, long-term scheme by Genworth to drain capital from it wholly-owned insurance subsidiary Genworth Life Insurance Company upon which over a million policyholders depend for long-term care insurance benefits in the event the holders become disabled.
Please click here for a copy of the Complaint that was filed on September 21, 2018.