John Hancock Broke Contract With Energy Manager, Suit Says

Law360 (August 19, 2019, 2:15 PM EDT) -- John Hancock Life Insurance Co. (USA) improperly ended an agreement with its renewable energy investment manager in an attempt to take control of the process itself, according to a lawsuit filed Friday by Verto Management LLC in the Business Litigation Session of Boston's Suffolk Superior Court.

The entity now known as Verto was an in-house division of John Hancock until 2017, when the insurance company decided to break away from that segment of its business and struck a deal to partner with Verto for at least four years. But last month, Verto said, John Hancock fired it "out of the blue...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!