Coughlin Stoia Seeks Lead In Manulife Investor Action

Law360, New York (September 28, 2009, 2:45 PM EDT) -- Three retirement funds, represented by Coughlin Stoia Geller Rudman & Robbins LLP, have asked to lead a proposed shareholder class action accusing Canada's largest insurance company, Manulife Financial Corp., and its executives of neglecting to hedge investments and disclose risks.

In a motion filed Friday in the U.S. District Court for the Southern District of New York, Locals 302 and 612 of the International Union of Operating Engineers-Employers Construction Industry Retirement Trust, the Western Washington Laborers-Employers Pension Trust, and the California Ironworkers Field Pension Trust said...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.