Novartis Lawyer Retires in Relation to Cohen Payments
Novartis Lawyer Retires in Relation to Cohen Payments
16 May, 2018, 17:49
Novartis has denied it was trying to gain access to Trump via payments to a firm controlled by Michael Cohen.
Trump has denied having an affair with Daniels or knowing anything about that payment but his new lawyer Rudy Giuliani has acknowledged the USA president had in fact reimbursed Cohen for the payoff.
The top lawyer at pharmaceutical giant Novartis is retiring after the company signed a $1.2 million contract with President Donald Trump's personal lawyer Michael Cohen.
Cohen's company Essential Consultants had a one-year $1.2 million contract with Novartis during the beginning of the Trump administration.
The one-year deal with Essential was revealed last week when lawyer Michael Avenatti, whose client Stormy Daniels is suing Cohen, announced several corporations paid hundreds of thousands of dollars to the shell company. "As a co-signatory with our former CEO [Joe Jimenez], I take personal responsibility to bring the public debate on this matter to an end", said Ehrat of his decision to leave the firm.
After the news broke of the Novartis deal, U.S. media speculated the Swiss firm had been trying to gain access to the USA president.
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Novartis changed CEOs in February, with Vas Narasimhan replacing former CEO Joe Jimenez.
The top lawyer for drugmaker Novartis said he'll step down after hiring Trump fixer Michael Cohen's Essential Consultants as an adviser past year. The company said it had expected that Cohen could advise it on the administration's approach to healthcare policies such as the Affordable Care Act, better known as Obamacare.
The company said it met with Cohen only once - in March 2017.
However, Novartis also said it continued to pay Cohen $100,000 a month until February 2018.
Novartis group general counsel Felix R. Ehrat said Wednesday that he would retire, because of the role he played in setting up the contract, saying that while the contract was legal, "it was an error".
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