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11th Circ. Nixes ERISA Claim To John Hancock's $100M Credit

By David Hansen ( October 31, 2024, 1:37 PM EDT) -- John Hancock Life Insurance Co. had no fiduciary duty to pass on to retirement plans $100 million in foreign tax credits that it had taken from taxes paid on foreign investments, a three-judge panel of the Eleventh Circuit said in upholding a lower court ruling....

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