Lawyers for ex-Hudson's Bay employees ask court to approve hardship fund [BNN Bloomberg (Canada)]
Manulife Financial Corporation (MFC)
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Source: BNN Bloomberg
A motion filed Wednesday by Ursel Phillips Fellows Hopkinson LLP asks the Ontario Superior Court next week to allow for the creation of a hardship fund to help ex-staff struggling with bills and approve an agreement designed to support workers receiving long-term disability benefits. The proposed hardship fund is meant to help former HBC workers and retirees who have been having trouble covering rent, mortgages, utilities, car loans and medical expenses since the department store collapsed last year. If the fund is approved, workers who demonstrate need could receive one-time payments of up to $9,600 and those with medical or other emergencies could be given up to $2,500 extra. Court filings say the fund will get cash from three sources: a Zellers health and welfare trust valued at about $9.9 million, an HBC reserve fund worth about $1.6 million and $250,000 the department store currently has on hand. HBC acquired Zellers, once a discount department store, in 1978 but has sin
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MFC
Earnings
- 11/12/25 - Beat
MFC
Sec Filings
- 12/11/25 - Form 6-K
- 12/3/25 - Form SUPPL
- 12/3/25 - Form 6-K
- MFC's page on the SEC website