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Violation Tracker Individual Record

Company: 
Manulife Financial Corporation
Current Parent Company: 
Manulife Financial
Penalty: 
$1,000,000
Year: 
2004
Date: 
May 3, 2004
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: 

https://www.justice.gov/archive/atr/public/press_releases/2004/203532.htm (archived copy)

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.