Next week, the US Supreme Court is set to hear a case that poses potential risks to the practice of government raising free speech challenges and could impede future initiatives to caution financial institutions about associating with high-risk industries.
At the crux of the case, National Rifle Association v. Vullo, lies an April 2018 guidance issued by the New York’s Department of Financial Services. This guidance was directed at insurers, advising them regarding the ‘reputational’ dangers associated with doing business with the NRA and other gun rights advocacy groups.
The US Court of Appeals for the Second Circuit determined in 2022 that Maria Vullo, the former Superintendent for Financial Services in New York, did not infringe upon…
Despite the consequences the case could bear for free speech suits against regulators, the severity and scope of this impact remains to be seen following the Supreme Court’s examination of the case. Legal professionals, corporations, and law firms worldwide will undoubtedly be closely monitoring the developments of this high-stakes litigation.
The original article can be found at Bloomberg Law.