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  "documentTitle": "Manulife Financial Corporation (MFC)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2018-10-04 00:00:00",
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      "text": "Below, we have attempted to summarize the plain English terms... Investors should read the rest of this report... We are not Canadian lawyers, and nothing in this report should be construed as legal advice.",
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      "text": "This reduction in financial strength would eventually cause rating agencies to lower credit ratings... This cascading sequence of events ultimately has the potential to cause the insurer to become insolvent...",
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      "kind": "paragraph",
      "text": "Will Manulife lose at trial? We honestly don't know... Muddy Waters believes there is real potential for Mosten to prevail... but on a plain language reading of the contract, we believe Mosten should prevail.",
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      "text": "This reduction in financial strength would eventually cause rating agencies to lower credit ratings of these life insurers, which in turn would trigger a reduction in confidence of investors, customers and agents of the life insurer. This could ultimately result in reductions in sales, increases in customers terminating their contracts, increase pressure on the liquidity of the company and reduce ability to raise capital; This cascading sequence of events ultimately has the potential to cause the insurer to become insolvent...",
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      "text": "Summary of Key Contractual Terms and Summary of Mosten and Manulife's Primary Arguments",
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