Manulife Financial Corporation
In July 2009, Siskinds filed a $500 million class action in Ontario against Manulife Financial Corporation ("Manulife") and certain of its current and former officers and directors. In the class action, it is alleged, among other things, that the defendants negligently made misrepresentations relating to Manulife’s risk management practices and policies.
The class action is brought on behalf of all persons and entities who acquired Manulife securities from January 26, 2004 to February 12, 2009 (the "class period").
On March 21, 2011, the Honourable Justice George Strathy of the Ontario Superior Court of Justice released interim reasons conditionally approving a funding agreement between the plaintiffs in this action and Claims Funding International PLC. On May 24, 2011, His Honour released supplementary reasons, finally approving the agreement.
Authorization by the Superior Court for the District of Quebec
On July 8, 2011, the action filed in Quebec against Manulife was authorized to proceed as a class action. This action is brought on behalf of all residents of Quebec (except those persons who are excluded from the Quebec class by virtue of the Code of Civil Procedure), who, during the class period, purchased or otherwise acquired shares or other securities of Manulife, directly or indirectly, through a mutual fund or otherwise, and who continued to hold those shares as of February 12, 2009.
N.B. The allegations against Manulife have not yet been proven in Court.
If you purchased Manulife shares during the class period, please complete the online information form. Your information will be held in strict confidence. By completing the form, you are not retaining Siskinds, nor do you incur any obligations in connection with this lawsuit.
For further information concerning this action, please contact Nicole Young at 1 (800) 461-6166 ext. 2380 or e-mail Nicole by clicking on the Contact Us link below. Updates concerning this action will be posted above.