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Text of Solicitor General's Amicus Brief in Support of Plaintiffs Alleging Fiduciary Breach by John Hancock Life Insurance Company (PDF)
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
Jan. 27, 2014 "The district court's decision ignores the important fact that John Hancock not only retained the right to substitute or delete the funds available to the Plans, but regularly monitored the Plans and could, and on occasion did, unilaterally substitute fund and share classes at its discretion. Likewise, the decision ignores plausible allegations that, despite this authority, John Hancock failed to exercise this authority to eliminate funds when it would have been prudent to do so." [Santomenno v. John Hancock Life Insurance Company, No. 13-3467 (3d Cir. filed Jan. 21, 2014; corrected brief filed May 28, 2014)] MORE >> |
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