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Offbeat Top Novartis lawyer steps down over payments to Trump lawyer

15:15  16 may  2018
15:15  16 may  2018 Source:   cbsnews.com

AT&T confirms it paid Trump lawyer Michael Cohen's company

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Novartis lawyer steps down over payments to Trump lawyer Michael Cohen. Share. Tweet. Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal The announcement comes after Novartis was dragged into the scandal over Cohen's payment of 0

The top lawyer at Swiss pharmaceutical company Novartis stepped down on Wednesday following revelations that the company made payments to President Donald Trump 's personal attorney Michael Cohen.

a tall building in a city: A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at the company's campus on October 27, 2015 in Basel, Switzerland. © Fabrice Coffrini / AFP/Getty Images A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at the company's campus on October 27, 2015 in Basel, Switzerland.

Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologized in a statement for payments made by the firm to Donald Trump's personal lawyer Michael Cohen. The announcement comes after Novartis was dragged into the scandal over Cohen's payment of $130,000 to adult film actress Stormy Daniels just days before the 2016 presidential election.

Mr. Trump has denied having an affair with Daniels or knowing anything about that payment but his new lawyer Rudy Giuliani has acknowledged the U.S. president had in fact reimbursed Cohen for the payoff.

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  How money flowed through Michael Cohen’s multi-purpose shell company "Essential Consultants" paid $130,000 to Stormy Daniels -- and a million to Cohen.The bank account, it seems, was a little busier than just that.

Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologised in a statement for payments made by the firm to Donald Trump 's personal lawyer Michael Cohen.

Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologised in a statement for payments made by the firm to Donald Trump 's personal lawyer Michael Cohen.

AT&T CEO call hiring Michael Cohen "big mistake"

Last week, Daniels' lawyer Michael Avenatti wrote on Twitter that Novartis and U.S. telecom giant AT&T had used the services of Cohen's firm Essential Consultants -- the same company used to make the payment to Daniels.

On May 9, Novartis said it signed a one-year contract for $100,000 a month with the firm in February 2017, seeking advice on the new administration's public health policy.

On Wednesday, Novartis's general counsel Feliz R. Ehrat apologized for making the deal.

"Although the contract was legally in order, it was an error. As a co-signatory with our former CEO, I take personal responsibility to bring the public debate on this matter to an end," Ehrat said in a statement issued by the firm.

Companies scramble to explain ties to Cohen-linked firm

  Companies scramble to explain ties to Cohen-linked firm “Mr. Trump and Mr. Cohen have a lot of explaining to do.” They’re not the only ones.Tweeting those words Tuesday evening, lawyer Michael Avenatti touched off a scramble in companies from South Korea to Switzerland to explain how they came to deposit money in the account of Donald Trump’s lawyer and longtime fixer Michael Cohen.The self-styled dossier released by Avenatti, who represents porn actress Stormy Daniels in litigation against Trump, introduced wide-ranging allegations of suspicious transactions running through an account that Cohen opened just before the 2016 presidential election.

The announcement comes after Novartis was dragged into the scandal over Cohen’s payment of 0,000 to U.S. porn actress Stormy Daniels just days before the 2016 presidential election. Trump has denied having an affair with Daniels or knowing anything about that payment but his new lawyer

Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologised for payments made by the firm to Donald Trump ’s personal lawyer Michael Cohen. The announcement came after Novartis was dragged into the scandal over Cohen’s payment of

Ehrat will be replaced starting from June 1 by Shannon Thyme Klinger, who is currently Novartis's ethics, risk and compliance officer.

Corporations confirm payments to Michael Cohen for consulting services

The shake-up follows a spate of trouble for the pharmaceutical behemoth in Greece, where the firm is accused of making illicit payouts to decision-makers and doctors between 2006 and 2015 to secure inflated prices for its products even though cheaper alternatives were available.

The case is under examination by the Greek and US. authorities.

In a seven-page memo released on Twitter last week, Avenatti said AT&T paid Essential Consultants a total of $200,000 in a series of $50,000 payments, dating from 2017 to early this year. 

CBS News has reviewed financial documents that appear to support Avenatti's account of the transactions.  

Novartis ditches lawyer as head rolls over Trump lawyer deal .
Novartis (NOVN.S) General Counsel Felix Ehrat will leave the Swiss drugmaker over his role in a $1.2 million contract it struck with the lawyer for U.S. President Donald Trump, saying on Wednesday the pact was legal but an error. The $100,000-per-month contract with Trump attorney Michael Cohen's Essential Consultants, the same firm used to pay porn star Stormy Daniels $130,000 to hush up an alleged affair with Trump, has distracted Novartis's efforts to improve its image after a series of bribery scandals.Trump has denied the affair. Novartis ended the contract this year.U.S. lawmakers have demanded Novartis as well as AT&T (T.

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