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USPS Auction Crash Lands

Client Alert | less than 1 min read | 11.01.05

The Court of Federal Claims in Asia Pacific Airlines v. U.S. (Oct. 14, 2005) grounded USPS when it indicated to bidders that varying flight schedules for mail transport would be permissible and then disqualified the low bidder on two lanes after two rounds of internet auction for failing to conform to the suggested tender times. The court enjoined not only the awards for those two lanes, but for several others that the airline said it would have bid on if it had known the true ground rules.

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Client Alert | 4 min read | 02.19.26

Proposed NY Legislation May Mean Potential Criminal Charges for Unlicensed Crypto Firms

On January 14, 2026, State Senator Zellnor Myrie proposed legislation in the New York State Senate that would amend New York law to make it a criminal offense to operate a virtual currency business in New York without the proper license. By introducing the possibility of criminal penalties, Senate Bill S. 8901, the Cryptocurrency Regulation Yields Protections, Trust, and Oversight Act (CRYPTO Act), would mark a significant regulatory shift in the state’s oversight of virtual currency businesses, given New York’s prominence in virtual currency regulation in the U.S....