B&P Costs Plus Injunctive Relief Permitted
Client Alert | less than 1 min read | 02.24.09
The CFC in Alabama Aircraft Indus., Inc. v. U.S. (Feb. 3, 2009) rejected the government's argument that, once the court has granted injunctive relief, any request for bid preparation costs must be denied. The court ruled that the statute has no "choose one only" provision, and, when the contractor can show that B&P efforts were wasted due to agency error, it should receive reimbursement for them even though it also is awarded injunctive relief.
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Client Alert | 6 min read | 06.09.26
Is Stock-a-palooza Over? Supreme Court allows SEC to Pursue Disgorgement
On June 4, 2026, the U.S. Supreme Court unanimously held that the U.S. Securities and Exchange Commission (SEC) can continue to pursue disgorgement as an equitable remedy in securities fraud cases without showing pecuniary loss by investors. The Court’s ruling in Sripetch v. SEC resolves a split between the U.S. Court of Appeals for the Second Circuit, which concluded that the SEC must demonstrate pecuniary loss, and the U.S. Courts of Appeals for the First and Ninth Circuits, which declined to require such a showing.
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