A judge has dismissed an attempt by MassMutual Financial Group to nullify a subpoena from Massachusetts Secretary of State William Galvin that sought information on the insurance firm's firing of CEO Robert O'Connell.

But Judge Constance Sweeney did not rule on the validity of Galvin's subpoena, the Boston Globe said, and left the door open for MassMutual to refile the petition to void it. MassMutual had argued that Galvin does not have jurisdiction over the matter because MassMutual is not publicly traded and is owned by its policyholders.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.