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.
“The settlement resolves a national class action involving universal life policyholders,” — Lena Ostrowski, staff writer at Ashburn Bridge Analytics, noted.
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: Should officials respond faster on issues like this? — 47% of Yixmall readers said yes.
This story has been closely followed by our readers since Oct 24. The Ashburn Bridge Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Friday, Oct 30.
Editor's note: this report was prepared by the Ashburn Bridge Analytics desk and last updated 16:39 UTC.
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