John Hancock Inks $14M Deal In 401(k) Self-Dealing Suit

Summary

Law360 (June 2, 2021, 12:33 PM EDT) -- 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.