A lawsuit challenging John Hancock Life Insurance Co. of New York’s involvement in a disbarred attorney’s decades-long benefits fraud scheme is moving forward after a Pennsylvania federal court allowed portions of the case to go to trial.
John Hancock must face trial on certain claims that it committed fiduciary breach under the Employee Retirement Income Security Act through its handling of a life insurance policy used in connection with plaintiff Aric Hausknecht’s employer welfare plan, the US District Court for the Eastern District of Pennsylvania said. But Hausknecht’s claims under federal racketeering law fail because there’s no indication John Hancock ...
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