Shining light on
401(k) PlansMutual Funds
Top Industry Articles
The lawsuit says the defendants’ did not disclose that they were retaining non-float and float cash interest and 12(b)-1 fees retirement plan accounts were earning.
The firm was also charged with mutual fund share class violations.
It now appears the self-dealing lawsuit will proceed to discovery, as a judge has digitally denied John Hancock’s motion to dismiss.