On March 30, 2016, the U.S. District Court for the District of Columbia (the “U.S. District Court”) handed down its decision regarding MetLife’s challenge to the Financial Stability Oversight Committee’s (“FSOC”) designation of MetLife as a systemically important financial institution (“SIFI”). The U.S. District Court’s order granted, in part, MetLife’s cross motion for summary judgment with regard to three counts (Counts IV, VI (in part) and VII), but denied all of MetLife’s other counts. The U.S. District Court’s actual opinion remains under seal as of today’s date. However, comparing the District Court’s order to the counts presented in MetLife’s original complaint sheds some light on the U.S. District Court’s reasoning.
Below is a brief summary of the three counts in which MetLife was able to succeed on, either fully or partially...
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