CORAL GABLES, FL -- (MARKET WIRE) -- 07/31/09 -- The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all Manulife Financial Corporation (NYSE: MFC) shareholders concerning the class action lawsuit (Case No. 09 CV 06185) filed on July 9, 2009, in the United States District Court Southern District of New York. The lawsuit filed on behalf of investors alleges the failure to disclose the risks associated with the issuance of variable annuity contracts which provided contract benefit protections against market declines. The lawsuit further alleges the failure to adequately manage the risks associated with the variable annuity contractual guarantees. Manulife Financial Corporation reported financial results for the fourth quarter of 2008 which disclosed an increase in loss reserves attributed to variable annuity contract guarantees from $526 million to $5.7 billion for the year. Prospective class members should consider whether an individual securities arbitration claim filed with the Financial Industry Regulatory Authority, (FINRA) is more effective than a class action for recovery of their investment losses.

Many investors who invest in major life insurance companies do not understand fully the risks associated with the issuance of variable annuity contracts which provide protection benefits against declines in contract values. Most variable annuity issuers similarly situated to Manulife regularly engage in hedging transactions to manage the exposure to declines in the overall securities market. Investors who are exposed to risks from an overall decline in the securities market without adequate risk management techniques are exposed to unnecessary and uncompensated risk. Recommendations of unsuitable investments and/or concentrated investments in the banking and financial sectors are both causes of action that form the basis for individual securities arbitration claims filed with FINRA.


The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to assist you in determining whether you have a viable individual claim for investment losses that exceed $100,000 from a full service brokerage account, contact us on stock market loss lawyer. To speak directly with an attorney, call (800) 578-0137 and ask for Benjamin Fernandez, Esquire.

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Contact: Benjamin Fernandez, Esquire 2100 Ponce De Leon Blvd, Penthouse II Coral Gables, Florida 33431 (800) 578-0137 Email Contact http://twitter.com/stocklawyers