Violation Tracker Individual Record
Company:
Manulife Financial Corporation
Current Parent Company:
Manulife Financial
Penalty:
$1,000,000
Year:
2004
Date:
May 3, 2004
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
premerger notification violation
Violation Description:
Manulife Financial Corporation, a Canadian-based insurance and financial services company, agreed to pay a $1 million civil penalty to settle charges that the company violated antitrust premerger notification requirements when it acquired more than $50 million of John Hancock common stock in the spring of 2003.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Antitrust Division
Civil or Criminal Case:
civil
HQ Country of Parent:
Canada
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.