16 september 2024 : The upcoming U.S. Supreme Court term, starting October 7, will address significant business-related issues, including a key case involving the vape industry. This case could further limit the authority of federal regulatory agencies, continuing a trend seen in recent rulings.
In June, the Supreme Court’s conservative majority overturned the “Chevron deference” principle, which had instructed judges to defer to federal agencies on legal interpretations. The new case involves the FDA’s denial of applications for flavored vape products, providing another opportunity for the court to scrutinize agency actions.
Additionally, the court will review separate appeals from Facebook and Nvidia, challenging federal securities fraud lawsuits. These cases may make it more difficult for private plaintiffs to succeed in securities fraud claims, following previous decisions that weakened the Securities and Exchange Commission.
Experts suggest that these developments could reshape the legal landscape for businesses and regulatory agencies. The court has yet to set dates for arguments, but the outcomes could impact regulatory authority and business liability in significant ways.