Business Services Industry

Mutual Risk Management Ltd. Announces Settlement of Suit against John Hancock Life Insurance Company

Business Wire, Dec 6, 2005

HAMILTON, Bermuda -- Mutual Risk Management Ltd. (MRM) announced today the suit between MRM and John Hancock Life Insurance Company has settled. The settlement did not involve any finding of liability.

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in these laws. These statements are not guarantees of performance. Actual results may differ materially from those projected in such forward-looking statements and therefore you should not place undue reliance on them. In particular, MRM makes no representation on any recovery under the settlement announced today. As previously announced, any recovery from the suit will be used to satisfy MRM's obligations to holders of its preferred shares. MRM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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