August 21, 2015
Matt Taibbi’s Rolling Stone article cited throughout and added August 23, 2015
Former Attorney General Eric Holder’s six-year career with the U.S. Department of Justice should have us questioning if Holder was setting up his defense to return to law firm Covington from the start.
The office thing might have been improper, but at this point, who cares? More at issue is the extraordinary run Holder just completed as one of history’s great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover, DiCaprio in The Departed-style, as the best defense lawyer Wall Street ever had. MATT TAIBBIRolling Stone
Regardless of what you thought or think of Eric Holder his latest unethical move should have every tax paying citizen concerned. Holder went from prosecuting multi-billion dollar cases for the DOJ against Pfizer ($2.3 Billion), GlaxoSmithKline ($3 Billion) and Johnson & Johnson ($2.2 Billion) and less than nine months later Holder’s working for Covington the law firm that represented Pfizer, GlaxoSmithKline and Johnson & Johnsonagainst the DOJ. If that’s not inconsistent & contradictory language to action I don’t know what is but one things for sure Covington & Holder are seeing green which should have ALLtaxpayers seeing red.
And for those that don’t think this is a big deal False Claims cases (whistleblower cases) are filed under seal meaning the public does not know about them yet (average cases are under seal between 5-10 years) but Holder would certainly have knowledge of those cases, which is without doubt a conflict of interest.
The DOJ collected $7.5 billion from Pfizer, GlaxoSmithKline and Johnson & Johnson’sunethical and illegal behavior at the expense of patients, consumers, employees and taxpayers and we’re likely to lose that and a whole lot more with this new Holder and Covington arrangement. Our only solace may come from Holder’s pathological history of alleged questionable unethical & illegal activity and perhaps the DOJ will get justice and get to prosecute their old boss. Stranger things have happened!
Covington is part of the problem for the people, also known as those injured by abusive corporations and taxpayers. When a law firm glibly boasts former U.S. Attorney General Eric Holder (whom it’s rumored they never got rid of his office during his six years with the DOJ) on the first shot of their website it’s insulting and demeaning to former victims of Pfizer, GlaxoSmithKline, Johnson & Johnson and to taxpayers who footed the bill for these investigations.
Taking insulting & demeaning to a new level, under Regulary Insight, Covington states they employ five former U.S. Department Antitrust & Criminal Division heads, several former EU Parliament & EU Council officials & former ambassadors and several former U.S. Federal Trade Commission officials which only serves as welcome mat for those companies that employ tactics from The Sociopathic Business Model™; and, a huge oversight from DOJ who are clearly more worried about setting up their second career than they are protecting the American people.
It’s recognized that all companies deserve legal defense and that government attorneys will eventually move to the private sector and possibly back into government; however, the ethical rules (pause for laughter*) are written to allow movement to and from the government that would otherwise create conflict.
*I borrowed a line that can’t be cited.
This process must be closely regulated and not left to the unregulated discretion of one of the high ranking appointed government officials who prosecuted corporation, who’s currently embroiled in his own lawsuit (Fast & Furious), and the attorneys of alleged corporate criminals to decide what ethics are on behalf of the American people.
But that’s just what’s happening. Mr. Holder should be barred from working for any law firm that represented the top 10 DOJ settlements and top 10 SEC settlements for the last 10 years for a minimum of 10 years since many of these cases are filed under seal.
Covington can keep their other bought high ranking government officials and let them figure out how to sleep at night but we must demand the immediate & permanent removal of Eric Holder from Covington.
Taken directly from Matt Taibbi’s Rolling Stone Article:
- Holder failed to win a single conviction in court for any crimes related to the financial crisis.
- Holder famously invented a concept called “collateral consequences,” under which the state could pursue non-criminal alternatives for companies if they believed prosecuting them might result in too much “collateral” damage.
- Holder also pioneered the extrajudicial settlement, striking huge deals with companies in which judges did not sign off on the agreements.
This site refers to that as “two known corrupt entities negotiating behind closed doors on behalf of the American people,” which happens every day in whistleblower lawsuits. The person who brings the case forward, aware of the fraud has no say in punishment or prevention and that needs to change.
- There is a huge misconception, pushed equally by odd bedfellows in the financial community and Obama supporters, that Eric Holder didn’t send anyone from Wall Street to jail because “no one broke any laws.”
Sure tell that to the peoople that lost their houses.
- Holder contributed countless subtle inventions to soften punishments. The most revolting in my view was allowing banks like Chase the courtesy of calling their settlements “remedial payments” instead of fines for wrongdoing.
This is a point that Covington proudly boasts that they “find creative ways to resolve cases early,” or “obtained a deferred prosecution agreeement in a civil settlement with payments spread over time for Intermune, Inc.” right on their website.
We can’t boycott the Covington the law firm because most of us (thankfully) won’t need their services unless we own large companies who get sued for white collar crimes; but, we can BOYCOTT all* companies Covington mentions they defended (or represented) on their website to force accountability until they permanently remove Eric Holder from their law firm for conflict of interest:
Also keep in mind what we’re fighting to remove or expose via The Sociopathic Business Model™ or corrput corporate behavior Covington is defending big alleged corrupt business: banks, pharma, tech, petroleum, etc.
*this is not a full list but demonstrates Covington’s varied clients and Mr. Holder’s involvement with their firm is more than a conflict of interest for more than just the pharma and med device industry.
- Pfizer, GlaxoSmithKline and Johnson & Johnson
- Represenation of JP Morgan Chase in SEC investigation
- Representation of SPI Group against false advertising claims concerning STOLICHNAYA vodka
- Representation of Kentucky Fried Chicken, Microsoft, Dayton Technologies and others in connection with false advertising claims brought before the NAD
- Representation of Adams Laboratories in a false advertising action
- Representation of American Petroleum Institute against false advertising
- Representation of Bacardi in its defense of a false advertising lawsuit
- Representation of Wells Fargo Bank in numerous consumer class actions brought in state and federal courts
- Representing Samsung in its dismissal of Motorola’s $3.5 billion antitrust
- Representing Citibank in class action antitrust lawsuits alleging manipulation of financial benchmarks
- Counsel to Genentech in its landmark hearing to challenge FDA’s decision to withdraw approval of Avastin for metastatic breast cancer.
- Representing Genzyme on the consent decree for its Allston Landing manufacturing facility
- Represented Freddie Mac in the largest-ever FEC enforcement action against a corporation
- Successfully defended civil claims brought by the SEC and FDIC against the former CEO of IndyMac BankCorp, Michael Perry, in connection with the bank’s failure in 2008.
- Represented the National Football League in a successful effort to pass the Unlawful Internet Gambling Enforcement Act
- Represented a pharmaceutical executive in an SEC investigation into possible insider trading in offshore trusts.
- Lead counsel to Boehringer Ingelheim in the Canadian import antitrust litigation.
- Represented Procter & Gamble Pharmaceuticals, Inc
- Lead counsel to Purdue Pharma in OxyContin®
- National Counsel to Eli Lilly and Co
- Counsel for AstraZeneca in the Seroquel litigation
- Bank of America
- Bristol-Myers Squibb
- Brown Brothers Harriman
- Bunge Ltd
- Coty, Inc.
- Deutsche Bank AG
- Eastman Kodak
- Fenway Sports Group
- General Electric
- Investment Company Institute
- Lehman Brothers
- National Basketball Association
- National Football League
- National Hockey League
- Neuberger Berman
- Norfolk Southern
- Poongsan Corporation
- Qualcomm Incorporated
- SandRidge Energy
- Saudi Aramco
- Sun Financial
- The Noble Group
- The Timken Company
- United Biomedical, Inc.
- United Technologies Corporation
- Verizon Communications