October 30, 2018 / 3:34 PM / a year ago

BUZZ-Manulife Financial Corp: Seeks dismissal of case after rule change

** Canadian insurer’s shares up 4.7 pct at C$20.7

** Co says it will seek dismissal of an old court case brought by hedge fund Mosten Investment LP two years ago

** It will ask court in Saskatchewan to dismiss Mosten’s claims to put unlimited funds into an old policy after the province put a cap on investments in certain life policies ** “With respect to any possible remaining ancillary matters in the litigation, Manulife continues to believe that it will prevail and that those matters are insignificant in any event” -Manulife ** Including Tuesday gains, the stock has fallen 20 pct YTD (Reporting by John Benny in Bengaluru)

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