UNFAIR BUSINESS PRACTICES
 

Shapiro Haber & Urmy LLP Files Suit Against John Hancock Life Insurance Company on Behalf of Charters, Heck, O’Donnell & Petrulis, P.C.

The law firm of Shapiro Haber & Urmy LLP has filed a class action against John Hancock Life Insurance Company in the United States District Court in Massachusetts on behalf of  John. P. Charters and the "trustees, sponsors and  administrators" of the 401(k) plan of Charters, Heck,  O’Donnell & Petrulis, P.C., a law firm based in Troy,  Michigan.

The complaint, filed on July 26, 2007 alleges that Hancock  violated the Employee Retirement Income Security Act  (“ERISA”) by overcharging for their services and also for  accepting payments from third party mutual funds for their own benefit. The  complaint alleges that, as a result of these actions, Hancock was overpaid for the services it was originally contracted to  provide, resulting in a diminishment of the assets of the  firm's plan.

If you would like additional information concerning this  case, please contact Sophie Horowitz, Paralegal, Shapiro  Haber & Urmy LLP, 53 State Street, Boston, MA 02109, (800) 287-8119, fax at (617) 439-0134, or email at
cases@shulaw.com.