![]() "It's not covered by the usual procurement regulations that apply to federal agencies. Horan says the agency's quasi-independent status also means it's governed by a different set of rules. "For those type of allegations," he tells NPR, "it's an especially high hurdle, because the courts presume that government officials are acting in good faith and require a significant amount of proof to establish bad faith or bias." Jack Horan, an attorney who practices government procurement law at Faegre Drinker Biddle & Reath and teaches at Georgetown University Law, says it might be hard for the company to prove such a bias. The suit alleges that the company was unfairly penalized by the Postal Service because one of its prototypes rolled out of control during testing, something the company says was the Postal Service driver's fault for not putting the truck in park. The company, which would not comment on the suit citing a nondisclosure agreement with the USPS, charges that the Postal Service "put its thumb on the scale" against Workhorse. ![]() Court of Federal Claims to overturn the contract and to issue an injunction to stop it from taking effect. That's just one of the charges Workhorse has made in its legal protest of the Postal Service's decision to go with Oshkosh. Postal Service's fleet of gas guzzling, unairconditioned and fire-prone delivery trucks in February with great fanfare.ĭeJoy said the builder of the new delivery vehicles would be Oshkosh, a defense contractor with experience manufacturing armored trucks for the military, but less experience building delivery vehicles.Īccording to a lawsuit filed by electric vehicle maker Workhorse, which lost the contract - worth as much as $3.1 billion - Oshkosh has never made a electric delivery vehicle. Postmaster General Louis DeJoy announced plans to finally replace the U.S. Though USPS has cast the new vehicles as a "major step forward" toward a greener future, some Democrats are saying the plan doesn't go far enough. ![]() Postal Service for what it alleges was bias in picking a company to make its latest fleet of delivery trucks.Ĭongressional Democrats are skeptical of the contract, too. The meme stock frenzy briefly pushed Workhorse shares above $42 a few weeks ago.An electric vehicle manufacturer is suing the U.S. "In the interim, we have retained the services of leading legal and corporate advisory firms, including Akin Gump Straus Hauer & Feld LLP and Mound Cotton Wollan & Greengrass LLP, to identify our options and pursue them effectively," he said. ![]() "While we were not modeling success in the USPS, we had anticipated Workhorse would play a role in the contract, especially given the administration's stance around government fleets being zero emission," Cowen analyst Jeffrey Osborne wrote on Monday after Workhorse's Q4 earnings call.Īfter a meeting with the Postal Service on Wednesday, Workhorse said it will "follow the proper due course procedures as defined by the USPS and will also look to other options available to us," Workhorse CEO Duane Hughes said in a press release Thursday. Analysts, in turn, cut their target prices. When that didn't happen, Workhorse shares lost 50% of their value in two days. They expected it would get at least a piece of the multibillion-dollar contract. Investors had bid up Workhorse shares to record levels.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |