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Baker v. John Hancock Life Insurance Company (U.S.A.)

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Case Number:

1:20-cv-10397

Court:

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Richard G. Stearns

Firms

Companies

John Hancock Life Insurance Co. USA

Sectors & Industries:

Financial
- Life Insurance

October 01, 2021
Nichols Kaster, Block & Leviton Get $3.5M For Hancock Deal

A Massachusetts federal judge on Thursday granted attorneys from Nichols Kaster PLLP and Block & Leviton LLP the $3.5 million they requested for their work reaching a settlement for John Hancock Life Insurance Co. employees who claimed in a class action that the firm mismanaged their retirement funds, costing them tens of millions of dollars.
August 26, 2021
Lawyers Seek $3.6M Cut Of $14M John Hancock 401(k) Deal

Attorneys from Nichols Kaster and Block & Leviton have asked a Massachusetts federal judge to award them $3.6 million for their work securing a $14 million settlement for John Hancock Life Insurance workers who said the company steered their retirement savings into shoddy proprietary funds.
June 02, 2021
John Hancock Inks $14M Deal In 401(k) Self-Dealing Suit

John Hancock will pay $14 million to settle a class action claiming it cost investors in its 401(k) plan tens of millions of dollars through bad management and the selection of high-fee, underperforming funds, according to a Tuesday court filing.
April 21, 2021
John Hancock, Workers Look To Settle 401(k) Self-Dealing Suit

John Hancock Life Insurance Co. and a group of its employees have sketched a settlement for the putative class action that claimed the insurer packed its 401(k) plan with badly managed, high-fee funds, leading to the loss of tens of millions of dollars, according to a filing Wednesday in Massachusetts federal court.
July 24, 2020
John Hancock Must Face Self-Dealing Suit Over 401(k) Lineup

John Hancock must face a proposed class action alleging it packed employees' 401(k) plan with pricey, proprietary investment options that cost workers over $10 million in bloated administration fees and lost profits, a Massachusetts federal judge has ruled.
February 28, 2020
John Hancock's Self-Dealing Hurt 401(k), Employees Say

John Hancock's lax management of its employees' 401(k) retirement plan and preference for its own pricey and proprietary investment options cost workers tens of millions of dollars in bloated administration fees and lost profits that could have been raised by better-managed funds, according to a proposed class action filed in Massachusetts.