The MetLife building at 200 Park Ave. in New York City. (Photo: Rick Kopstein/New York Law Journal)

A nonprofit consumer advocate on Thursday challenged extensive redactions and sealed filings in MetLife Inc.’s lawsuit in Washington federal court over the company’s designation by financial regulators as “too big to fail.”

The nonpartisan Better Markets Inc., an advocate for transparency in the financial industry, filed court papers seeking to intervene in MetLife’s suit in U.S. District Court for the District of Columbia. MetLife, represented by Gibson, Dunn & Crutcher, sued the Financial Stability Oversight Council in January, arguing that regulators erred in determining that the insurance company poses a risk to the nation’s financial stability and should be subject to heightened supervision.

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