Judges named in MetLife SIFI case

September 26, 2016 by Arthur D. Postal

WASHINGTON — Judges appointed by President Barack Obama Monday in the federal government’s ongoing case regarding whether or not MetLife is a systemically important financial institution (SIFI) will constitute a majority on the panel that will review the Financial Stability Oversight Council’s appeal of a lower court decision earlier this year.

Judge selection was viewed as a “negative” for MetLife’s chances of sustaining the lower court’s decision by Judge Rosemary Collyer, who declared MetLife’s SIFI designation “arbitrary and capricious,” according to Thomas Gallagher, an analyst at Evercore ISI.

The case is MetLife v. FSOC, No. 16-5086. Click HERE to read the full story. LifeHealthPro articles require free registration to view. 

Originally Posted at LifeHealthPro on September 26, 2016 by Arthur D. Postal.