MetLife Handed Court Order to Give Regulators Pension Documents

A federal district court judge in New York has compelled MetLife Inc. to comply with a US Labor Department subpoena requesting records about the insurance company’s pension de-risking business.

US District Court for the Southern District of New York Judge Paul G. Gardephe issued the brief order Tuesday in a two-year case MetLife has litigated to keep its records out of the department’s hands.

MetLife claimed DOL’s Employee Benefits Security Administration was overextending its regulatory authority by examining the company’s role as an annuity provider. Lawyers for the government said the agency’s broad investigative powers under the Employee Retirement Income ...