Manulife Sues Societe Generale Over Portus

Financial Post, Peter Brieger, 9 March 2007Manulife Securities International Ltd. has slapped French banking giant Societe Generale with a $1.6-billion class-action lawsuit in a bid to recoup money it paid angry clients who invested in defunct hedge fund company Portus Alternative Asset Management.Manulife alleges that Soc Gen helped sell $800-million worth of notes linked to the performance of