MetLife Inc. has called on Eugene Scalia of Gibson, Dunn & Crutcher and Sullivan & Cromwell’s H. Rodgin Cohen to lead its legal efforts in a first-of-its-kind lawsuit challenging the federal government’s designation of the company as a “systemically important” financial institution subject to stricter regulation.
The insurance giant on Tuesday filed a complaint in Washington, D.C., federal court, alleging that the Financial Stability Oversight Council acted prematurely when it flagged MetLife as an institution that could threaten the country’s economy in a financial crisis.
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