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SBE attorneys conclude fraud case against John Hancock
SBE attorneys Howard Shernoff and Samuel Bruchey successfully resolved a lawsuit, brought on behalf of a Los Angeles widow, alleging fraud against the John Hancock Life Insurance Company. The lawsuit included allegations that John Hancock performed exaggerated financial analyses for its clients in order to sell pricy and ultimately unaffordable life insurance policies. The terms of the settlement are confidential, but Shernoff and Bruchey believe that they will see fewer such alleged incidents owing to the lawsuit.