TORONTO - Manulife Financial Corp. says a Saskatchewan court has ruled in its favour in its legal fight with hedge fund Mosten Investment LP over insurance contracts. A pedestrian walks past the Manulife building in downtown Vancouver on May 3, 2012. Manulife Financial Corp. says a Saskatchewan court has ruled in its favour in the insurer's legal fight with hedge fund Mosten Investment LP over insurance contracts. The trial involving one of Manulife's insurance contracts purchased by Mosten wrapped up last year. Prominent short-seller Muddy Waters had warned that if the court had sided with Mosten, the hedge fund could sell an unlimited amount of partnership interests backed by Manulife and “financially cripple” the insurer.

Source: thestar March 18, 2019 11:48 UTC