Genworth Issues Statement on UK Court Approval of Santander Appeal Request
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today issued a statement following the UK Court of Appeal’s decision to grant Santander’s request for permission to appeal the High Court’s July 25 ruling in favor of certain companies in the AXA group (the claimants) regarding liabilities tied to the historic mis-selling of Payment Protection Insurance (PPI) policies. At issue were losses incurred from mis-selling complaints for PPI underwritten by the claimants, who were acquired from Genworth in 2015. The policies were distributed by a company acquired by Santander in 2009.In the July 25 judgment and order, the High Court found Santander liable for the claimants' losses and awarded the claimants approximately £680 million (or $911 million, based on a £1/$1.34 exchange rate) in damages, interest, and costs. Santander subsequently applied for permission to appeal, and yesterday the Court of Appeal granted that request. The case will now proceed to a determinatio
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GNW
Sec Filings
- 12/4/25 - Form 4
- 12/2/25 - Form 144
- 11/25/25 - Form 4
- GNW's page on the SEC website