|DATE:||May 15, 2018|
|TO:||USF & NRA Member and Friends|
|FROM:||Marion P. Hammer|
|USF Executive Director|
|NRA Past President|
On Friday, May 11, 2018, in the United States District Court for the Northern District of New York, the NRA filed a lawsuit claiming that Gov. Cuomo, and his Director of Financial Services (DFS) have engaged in a “campaign of selective prosecution, backroom exhortations, and public threats” designed to coerce banks and insurance companies to withhold services from the NRA.
The NRA argues that such tactics vastly overstep DFS’s regulatory mandate, and seek to suppress the speech of Second Amendment supporters and retaliate against the NRA and others for their political advocacy.
The lawsuit seeks millions of dollars in damages to redress harms inflicted by the DFS campaign.
Among other things, the lawsuit cites a pair of “guidance” letters issued on April 19, 2018, by the DFS to the CEOs of banks and insurance companies doing business in New York. Styled as regulatory “risk management” advisories, the letters encourage institutions to “take prompt actions” to manage “reputational risk” posed by dealings with “gun promotion organizations.”
The same day, Cuomo issued a press release in which the Director directly urged “all insurance companies and banks doing business in New York” to “discontinue their arrangements with the NRA.”
Read a copy of the lawsuit complaint as filed, here: