MetLife and FSOC File Motion to Dismiss Appeal in SIFI Litigation
January 18 2018 - 8:02PM
Business Wire
MetLife, Inc. (NYSE:MET) and the Financial Stability Oversight
Council today filed a joint motion to dismiss FSOC’s appeal of the
district court decision rescinding MetLife’s designation as a
non-bank systemically important financial institution.
MetLife has also agreed that, upon dismissal, it will join FSOC
in filing a motion asking the district court to vacate the portion
of its opinion concluding that FSOC failed to undertake the
required cost-benefit analysis when designating MetLife. The
parties will not be asking the district court to set aside any
other aspect of its opinion.
These motions will bring the litigation between MetLife and FSOC
to an end and preserve the district court’s ruling rescinding
FSOC’s designation of MetLife.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates ("MetLife"), is one of the world's leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 countries and holds
leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information,
visit www.metlife.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180118006516/en/
MetLifeRandy Clerihue, 212-578-5061orChris Stern,
202-974-5477
MetLife (NYSE:MET)
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