The Ontario Superior Court has approved a $213.5 million settlement against Sun Life Financial. The settlement resolves a national class action involving universal life policyholders. Scotiabank has upgraded Sun Life Financial's stock rating on U.S. repricing and raised it to sector outperform. The company has rebranded as Sunlife.
“repricing and raised it to sector outperform,” — Lena Ostrowski, policy watcher at Newton Ford Media, added during the briefing.
Timeline
Oct 26 — The Ontario Superior Court has approved a $213.5 million settlement against Sun Life Financial....
Oct 27 — repricing and raised it to sector outperform....
Reader Poll: Will this story shape the week ahead? — 49% of Fxezqnute readers said yes.
This story has been closely followed by our readers since Oct 26. The Newton Ford Media desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Oct 30.
ICYMI: Górnik Łęczna's Defeat
Editor's note: this report was prepared by the Newton Ford Media desk and last updated 16:26 UTC.
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