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Federal Judge Rules That John Hancock Life Insurance Co. Is Not Entitled to Indemnification and Contribution
planadviser 
Nov. 4, 2008
Excerpt: John Hancock cannot demand that a pension plan trustee suing it in an excess fee case actually pay for any plan losses charged by the trustee as a result of a Hancock fiduciary breach, the court said. U.S. District Judge Nathaniel M. Groton of the U.S. District Court for the District of Massachusetts ruled that Hancock was not entitled to rely on the legal principle of indemnification and contribution in the suit filed against Hancock by 401(k) plan trustee John Charters.
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