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Contractors Must Go The Extra Mile For Preaward Review

Client Alert | less than 1 min read | 04.04.05

In Billington Contracting, Inc. (Feb. 28, 2005), the ASBCA dismissed a contractor's claim for differing site conditions under a dredging contract, because documents with the relevant detail on site conditions were referenced in a contract specification and had been available to the contractor for review. The board brushed aside the contractor's complaint that the relevant records were only identified as available some 750 miles from the project site, stating that a contractor is "bound to seek" out such information.

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Client Alert | 6 min read | 03.18.26

CFTC Takes Additional Steps Toward Prediction Market Regulation: What You Need to Know

On March 12, 2026, the U.S. Commodity Futures Trading Commission (CFTC) took formal steps toward establishing additional regulations for prediction markets. The agency issued an Advanced Notice of Proposed Rulemaking (ANPRM) soliciting public input on potential new rules, and separately, released staff guidance outlining its views on how existing rules apply to prediction market platforms currently in operation. These developments signal a significant shift in the regulatory landscape for an industry that has grown rapidly over the past year....