In The News Today – September 5, 2014
KBR Inc. has asked the U.S. Supreme Court to strike down a Fourth Circuit opinion that allows for the tolling of False Claims Act cases during wartime. According to KBR, the holding runs counter to past precedent and “effectively eliminates the statute of limitations for the FCA.” (Law360)
The Financial Stability Oversight Council voted on Thursday to label MetLife Inc. as “systemically important,” a designation that could subject the company to oversight by the Federal Reserve. MetLife “strongly disagrees” with the designation. (Law360)
