Court Pauses MetLife’s Lawsuit Against Systemic Risk Council

A federal appeals court halted for 60 days litigation between MetLife Inc. and the Financial Stability Oversight Council over the regulators’ decision to designate the insurer a “systemically important financial institution” (MetLife, Inc. v. Financial Stability Oversight Council, D.C. Cir., 16-5086, 5/12/17).

A trial judge struck down MetLife’s SIFI designation, which was appealed by the Obama administration to the U.S. Court of Appeals for the District of Columbia Circuit and argued in October.

The decision is pending, but MetLife had asked the appeals court to hold off on issuing its ruling until a review of FSOC, ordered by ...