MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: A.B. Data Ltd
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Final Court Approval of Race Discrimination Settlement with John Hancock Life Insurance Company - Mehri & Skalet, PLLC, and Klafter Olsen & Lesser LLP, announce final court approval of $24.4 million class action, Mid-1900's race discrimination settlement with John Hancock
Final Court Approval of Race Discrimination Settlement with John Hancock Life Insurance Company

 

NewswireToday - /newswire/ - New Haven, CT, United States, 2009/09/22 - Mehri & Skalet, PLLC, and Klafter Olsen & Lesser LLP, announce final court approval of $24.4 million class action, Mid-1900's race discrimination settlement with John Hancock.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On August 21, 2009, United States District Court Judge Janet Bond Arterton granted final approval of a $24.4 million race discrimination class action settlement with John Hancock Life Insurance Company. The case, filed in 2004, focused on John Hancock's historical practices prior to 1959 that allegedly denied African Americans the full range of available life insurance policies. In addition, the Plaintiff alleged that John Hancock had a policy of refusing life insurance to African Americans and denying commissions to sales agents for sales to African Americans. No finding of liability was made by the Court.

"We are pleased that the Court granted final approval, and we can focus on providing relief to the Class," said Seth Lesser, co-lead counsel.

The $24.4 Million settlement fund established by John Hancock Life Insurance Company (johnhancocksettlement.com) will be used to pay the claims of class members. Relief will be awarded on a per policy basis. Each class member who submits a valid claim as determined by the Special Master is entitled to up to $1,200 per Class Policy. The Honorable U.W. Clemon, retired U.S. District Court Judge, is serving as the Special Master. The deadline for submitting claims is November 19, 2009.

Any unused settlement funds will be distributed to organizations that benefit African-American communities. Civil rights attorney and law professor, John Brittain, will oversee the distribution of funds to organizations. Guidelines for applying for funds will be announced later this year.

"The settlement is extraordinary," said Cyrus Mehri, co-lead counsel,"It makes fair amends for historic practices by providing relief to those who were sold what we believe were inferior insurance policies and by giving a substantial amount of money back to the African American community."

Individuals seeking more information about the lawsuit, including information about making claims for individual monetary relief should visit the website or call. Individuals who use a TDD/TTY can call 1-866-905-8129. Reporters seeking further information should contact Lee-Ann Foster at lfoster[.]findjustice.com.

Contact: Plaintiff's Lead Counsel
Cyrus Mehri
Mehri & Skalet, PLLC
P: (202) 822-5100

Seth Lesser
Klafter Olsen & Lesser LLP
P: (914) 997-5656

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: A.B. Data Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial / Legal / Venture articles,
CATCH Visitors via Your Competitors Announcements!


Final Court Approval of Race Discrimination Settlement with John Hancock Life Insurance Company

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Settlement Administrator - ABdata.com 
800-232-3154
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any A.B. Data Ltd securities in any jurisdiction including any other companies listed or named in this release.

Financial / Legal / Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From A.B. Data Ltd / Company Profile


Read Financial / Legal / Venture Most Recent Related Newswires:

The Retirement Advantage, Inc. Expands Consulting Capabilities and National Footprint
Global Financial Analytics Market is Propagating At a Growth Rate of 10.05% CAGR by 2027 Finds Inkwood Research
Apollo and Athene to Acquire PK AirFinance from GECAS
TRA Offers Complimentary Business Assessment to TPA Owners through Year-End 2019
ALM Announces New Data-driven Audience First Marketing Platform
South Carolina's SuggsJohnson CPA Firm Promotes Three Professionals to Expanded Roles
LexisNexis Launches Enhanced CourtLink Docket Research Solution on the Lexis Advance Platform
Societe Generale Announces An Agreement for the Sale of PEMA GmbH to TIP Trailer Services
EDF Signs Two Bilateral Sustainable Revolving Credit Facilities with Crédit Agricole CIB and Societe Generale CIB
LexisNexis Launches Context for Courts, Delivering Venue-Specific Insights for Data-Driven Litigators
SuggsJohnson CPAs Relaunch Website as Step in Expanding Digital Presence
NCR Acquires D3 Technology
ALM Acquires Australia’s General Counsel Summit
South Carolina CPA Firm SuggsJohnson Expands Audit & Assurance Team with Addition of Halkowitz
The Retirement Advantage Welcomes Two New Regional Sales Consultants

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  JobsWare.com





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)