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BURKHART v. GENWORTH FINANCIAL, INC.

C.A. No. 2018-0691-JRS.

250 A.3d 842 (2020)

Richard F. BURKHART, William E. Kelly, Richard S. Lavery, Thomas R. Pratt, Gerald Green, individually and on behalf of all others similarly situated, Plaintiffs, v. GENWORTH FINANCIAL, INC., Genworth Holdings, Inc., Genworth North America Corporation, Genworth Financial International Holdings, LLC and Genworth Life Insurance Company, Defendants.

Court of Chancery of Delaware.

Date Decided: January 31, 2020.

Attorney(s) appearing for the Case

Peter B. Andrews, Esquire , Craig J. Springer, Esquire and David M. Sborz, Esquire of Andrews & Springer LLC, Wilmington, Delaware and Edward F. Haber, Esquire , Thomas V. Urmy, Jr., Esquire , Patrick J. Vallely, Esquire and Michelle H. Blauner, Esquire of Shapiro Haber & Urmy LLP, Boston, Massachusetts, Attorneys for Plaintiffs.

Daniel A. Dreisbach, Esquire , Srinivas M. Raju, Esquire , Susan M. Hannigan, Esquire , Sarah A. Clark, Esquire and Angela Lam, Esquire of Richards, Layton & Finger, P.A., Wilmington, Delaware and Reid L. Ashinoff, Esquire and Gary Meyerhoff, Esquire of Dentons US LLP, New York, New York, Attorneys for Defendants.

OPINION

Plaintiffs are a class of insureds who hold long-term care insurance policies and insurance agents who allege they are entitled to commission payments for selling such policies. Defendant, Genworth Life Insurance Company ("GLIC"), underwrote the long-term care insurance policies at issue. Plaintiffs allege...

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