Manulife Investors Fight To Keep Class Action Alive

Law360, New York (October 19, 2010, 2:02 PM EDT) -- Manulife Financial Corp. shareholders sought to convince a federal judge on Tuesday to keep their class action against the Canadian insurer alive, while the judge, despite showing skepticism about their claims, conceded that even if he were to toss the case, the appeals court would likely send it back to his desk.

During arguments in the U.S. District Court of the Southern District of New York, Judge John F. Keenan questioned whether certain statements Manulife made during the market turmoil of 2008 were false and misleading...
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