Manulife Financial Corporation Securities Class Actions

Overview

PLEASE NOTE: MANULIFE FINANCIAL CORPORATION IS NOT INVOLVED OR RESPONSIBLE FOR THE CLAIMS ADMINISTRATION PROCESS. THE COURTS APPOINTED GARDEN CITY GROUP, LLC AS THE ADMINISTRATOR OF THE SETTLEMENT. PLEASE CONTACT US IF YOU HAVE ANY QUESTIONS REGARDING THE SETTLEMENT.

Update: Please be advised that we are preparing to send out rejection letters to claimants whose claims have been fully rejected. Claims were deemed fully rejected for various reasons such as: (1) the claimant did not purchase or acquire any eligible shares during the Class Periods; (2) the claim did not calculate to a nominal entitlement (loss); (3) the claim is duplicative of another claim; (4) the claim was submitted by an excluded party; (5) the claimant did not purchases any shares on the Toronto Stock Exchange or while a resident of Quebec; or (6) the claimant failed to adequately cure their claim deficiencies. If you do not initially receive a letter it does not mean that you will receive payment, only that your claim is not fully rejected. If you have a fully or partially accepted claim but your pro rata entitlement under the Plan of Allocation is less than CAD$10.00, you will not receive payment per the terms of the Plan of Allocation.

Please note that due to the high volume and value of claims received it is anticipated that the pro-rata recovery will be very low. Distribution for eligible claims is scheduled to take place in May 2019. For any and all questions regarding the rejection letters or any other aspect of the administration, please call the Administrator at 1-844-634-8911 or email info@manulifesettlement.com.

A settlement has been reached in the Manulife Financial Corporation securities class actions that allege Manulife Financial Corporation ("MFC") misrepresented the adequacy of their risk management practices and failed to disclose the extent of the Company’s exposure to equity market and interest rate risks.

MFC has agreed to pay C$69,000,000. The settlement is a compromise of disputed claims and is not an admission of liability or wrongdoing by MFC.

The settlement has been approved by the Ontario Superior Court of Justice and the Québec Superior Court (the "Courts"). The Courts have appointed Crawford & Company and Garden City Group, LLC as the Administrators of the settlement. To be eligible for compensation pursuant to the settlement, class members must have submitted a completed Claim Form to the below address, postmarked no later than October 9, 2017 (the "Claims Bar Deadline"):

Manulife Financial Corporation Securities Class Actions c/o Garden City Group, LLC Suite 3-505, 133 Weber St N Waterloo, ON N2J 3G9 Canada

If you did not file a claim by the Claims Bar Deadline, you may not be able to claim a portion of the settlement and your claim may be extinguished.

Please be sure to read the Notice of Settlement Approval and the Settlement Agreement to fully understand your rights.