UPDATE: Novartis lawyer to retire over $1.2 million contract with Trump attorney Michael Cohen
Last edited Wed May 16, 2018, 08:15 AM - Edit history (1)
Source: Washington Post
The Swiss pharmaceutical giant Novartis announced Wednesday that a top lawyer who co-signed a $1.2 million contract to hire President Trump's personal attorney, Michael Cohen, was stepping down in June.
Felix R. Ehrat, group general counsel of Novartis, is retiring “in the context of discussions surrounding Novartis' former agreement with Essential Consultants, owned by Michael Cohen,” the company said.
The announcement comes days after AT&T's chief executive Randall Stephenson said the top official in the company's Washington office was leaving over a consulting deal with Cohen. In a memo to staff, Stephenson said the agreement to pay $600,000 to Cohen was a “big mistake.”
In February 2017, Novartis entered into a year-long, $1.2 million contract with Trump lawyer Michael Cohen and his company Essential Consultants.
Read more: https://www.washingtonpost.com/news/wonk/wp/2018/05/16/novartis-lawyer-to-retire-over-1-2-million-contract-with-trump-attorney-michael-cohen/?utm_term=.176059aea80a
Wow. They were deep in it.
Original article/headline -
by Washington Post Staff May 16 at 6:54 AM
Felix R. Ehrat, the senior lawyer for the Swiss drugmaker, said that he was leaving the company in June after co-signing the agreement to pay $1.2 million to a firm owned by Michael Cohen, a personal attorney for President Trump. Novartis has said it hired Essential Consultants to get advice on how the Trump administration might approach U.S. health-care policy matters.
Ehrat said in a statement that while the contract was legally in order, “it was an error.”
The retirement comes days after AT&T said the top executive in its Washington office was leaving over a consulting deal the telecom giant had with Cohen. AT&T chief executive Randall Stephenson called the deal a “big mistake.”
This is a developing story. It will be updated.
https://www.washingtonpost.com/news/business/wp/2018/05/16/novartis-executive-retiring-over-drugmakers-payments-to-trump-lawyer-michael-cohen/?utm_term=.b4d681962c8c&wpisrc=al_news__alert-economy--alert-national&wpmk=1
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