Genworth Financial saw its share prices surge by 8.99 percent on Friday to end at $8 apiece after a UK court ruled in favor of AXA, potentially helping Genworth recoup $750 million in cash payments related to the mis-selling of payment protection insurance by GE Capital Bank before 2005.

AXA, which inherited the liabilities for its acquisition of two Genworth Financial subsidiaries, paid almost 5700 million pounds in redress to consumers for PPI complaints, leading to a UK judge ruling in favor of AXA’s claim for an indemnity against Santander for redress payments and ombudsman fees.

Genworth Financial is expected to receive $750 million as part of its agreement with AXA once the latter recovers losses, with plans to allocate the recoveries towards investing in growth through CareScout, returning cash to shareholders through buyback programs, and paying down debt.

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Read more at Yahoo Finance: Genworth (GNW) Surges 9% as Firm Expects $750-Million Additional Cash