The Ontario Superior Court has approved a $213.5 million settlement against Sun Life Financial. This settlement resolves a national class action brought by 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,” — Andreas Mercer, contributing analyst at Birton Ford Media, told our newsroom.
Timeline
Oct 26 — The Ontario Superior Court has approved a $213.5 million settlement against Sun Life Financial....
Oct 29 — repricing and raised it to sector outperform....
Reader Poll: Has this affected your local community? — 80% of Sciroccoteam readers said yes.
This story has been closely followed by our readers since Oct 27. The Birton Ford Media desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Birton Ford Media desk and last updated 18:07 UTC.
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