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The TTC is suing Manulife Financial for as much as $5 million in connection with a benefits plan administered by the company and allegedly defrauded by TTC employees. The transit service announced Thursday it was proceeding with a claim in Ontario Superior Court of Justice originally filed last year.
“The TTC alleges that Manulife Financial did not have appropriate fraud management controls in place nor were there systems in place to detect and analyze unusual trends or patterns that might indicate fraud or abuse,” a news release states.
“The TTC maintains that Manulife breached its duties of care, which contributed to the losses suffered by the TTC and, thus, the public.”
Amid concerns about the TTC claims — and those of other city employees who got large quantities of erectile dysfunction drug Viagra and the powerful painkiller Fentanyl — Manulife was replaced as the city’s plan administrator at the end of 2016 by Green Shield Canada, which won a five-year contract.
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