The District judge has sided with insurance company MetLife regarding its case against the government. The judge said that the company should not be the subject of the governments strict regulations.
MetLife lawyers go to court seeking to overturn a "too-big-to-fail" label in a lawsuit. The court case could also reduce the government's ability to rein in large financial firms.
A high-profile U.S. senator said on Tuesday she has launched an investigation into 15 major annuity providers amid concerns about the perks they offer to brokers who peddle the products to retirees.
U.S. regulators on Tuesday asked for more time to react to a complaint by MetLife (MET.N) over their decision to subject the insurer to tougher oversight, and requested a judgment in the lawsuit early next year.
