Workhorse’s decision to withdraw the suit comes just two weeks after a short-selling research firm published a report on the start-up, alleging fraud and accusing the company of hiding a Securities and Exchange Commission (SEC) investigation from investors. Nonetheless, the picture seems to have suddenly changed with Workhorse deciding to abruptly drop the suit. Also, Workhorse claimed that the Postal Service unfairly blamed its truck for a mishap that injured a worker evaluating the prototype. Workhorse called the USPS' decision "arbitrary, capricious, and without rational basis".
Court of Federal Claims in mid-June, against the USPS’ decision to award the contract to Oshkosh. This was followed by Workhorse filing a suit in the U.S. However, this February, Workhorse lost the long-awaited USPS’ multibillion-dollar contract for the next mail truck to rival Oshkosh, ending a contest that started in 2015. Workhorse was one of the few companies that went into the final stage of the bidding process. The USPS set out to replace its current mail trucks in 2015, in an effort to make the fleet more fuel efficient and give mail carriers state-of-the-art facilities, like advanced safety features and air conditioning. The court accepted Workhorse’s dismissal late Tuesday - just a day before the first oral arguments on the USPS’s motion to dismiss the suit were scheduled to commence. WKHS recently announced that it is voluntarily withdrawing its lawsuit protesting the United States Postal Service’s (USPS) decision to let Oshkosh’s OSK Defense arm build the next-generation mail truck.
0 kommentar(er)
