GSK, Eric Holder, The Department Of Justice, And The Revolving Door Syndrome…


https://firstlook.org/theintercept/2015/07/06/eric-holder-returns-law-firm-lobbies-big-banks/

For insiders, the Holder decision to return to Covington was never a mystery. Timothy Hester, the chairman of Covington, told the National Law Journal that Holder’s return to the firm had been “a project” of his ever since Holder left to the join the administration in 2009. When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.

James Garland, Holder’s former deputy chief of staff, who rejoined Covington in 2010, told the Law Journal that when Covington’s partners gathered to welcome Holder back four weeks ago, “He was so busy giving people hugs and shaking hands.”

As Covington prepared for Holder’s return, the firm continued to represent clients before the Department of Justice. For instance, Covington negotiated with the department on behalf of GlaxoSmithKline for a plea agreement in 2010.

But in the end, it was pretty convenient, wasn’t it, that “the right thing” also happened to be the strategy that preserved Democratic Party relationships with big-dollar donors, kept the client base at Holder’s old firm nice and fat, made the influential rich immeasurably richer and allowed Eric Holder himself to crash-land into a giant pile of money upon resignation.

What a coincidence! In any civilized country, it’d be a scandal. In America, though, he’s just another guy selling whatever he can to get by. It was just too bad that what Holder had to sell was the criminal justice system

http://www.democracynow.org/embed/story/2015/7/8/eric_holder_returns_to_wall_street



N.B.: Whistleblower Greg Thorpe originally revealed this information, about the revolving door at GSK/Dept Of Justice, to me a while ago, in his comments on my blog posts. I was intending to take a break then write about it, however, it’s interesting to see the information being discussed now on various blogs.

I was going to do a post on all this sometime in the future but looks like it’s more or less already been done!

No point in repeating myself either so kudos to Bob Fiddaman for finding the original post, and his take on the debacle can be read here:

http://fiddaman.blogspot.ie/2015/08/us-attorney-general-eric-holder-and.html

So, what input, if any at all, did Holder have regarding the negotiations of the $3 billion settlement figure, and, more importantly, could the original figure, said to be a lot more than $3 billion, have been whittled down by Holder? Furthermore, who was exactly behind the Wellbutrin promotion, was it, as some sources suggest, the current CEO of Glaxo, Andrew Witty, who, at the time of the illegal promotion, was Vice President General Manager of Marketing for Glaxo?

I’m just throwing the question out there because this revolving door between Covington and the DOJ seems, to me at least, to be bordering on being incestuous.

News of Holder’s double u-turn came via Melayna Lokosky who has wrote a quite brilliant blog post where she raises many questions regarding Holder’s latest “unethical move.”

Her blog can be read, in full, here.

Here’s the other blog post:

http://www.killingmycareer.com/the-sociopathic-business-model/former-u-s-attorney-general-eric-holder-now-works-for-firm-that-defended-pfizer-glaxosmithkline-and-johnson-johnson-in-their-billion-dollar-cases/

Former U.S. Attorney General Eric Holder NOW Works for Firm that Defended Pfizer, GlaxoSmithKline and Johnson & Johnson in Their Billion Dollar Cases

By Melayna Lokosky
1 Comment
584 Views

August 21, 2015

Matt Taibbi’s Rolling Stone article cited throughout and added August 23, 2015

Former US Attorney General Eric Holder returning to Covington is a Conlict of Interest for taxpayers.

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.

Eric Holder now works for the firm he prosecuted in the Pfizer GlaxoSmithKline and Johnson & Johnson Cases for the DOJ

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.  Rolling 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!

Is Covingtong employing tactics from The Sociopathic Business Model™

Covington Boasts of hiring former DOJ SEC EU Parliament #TheSociopathicBusinessModel

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, GlaxoSmithKlineJohnson & Johnson  and to taxpayers who footed the bill for these investigations.

The Sociopathic Business Model™ Covington Partner Bruce A. Baird

The Sociopathic Business Model™ Covington Partner Bruce A. Baird 2

The Sociopathic Business Model™ Covington Partner Bruce A. Baird 3

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.

The Sociopathic Business Model™ Covington Partner Nancy Kestenbaum

The Sociopathic Business Model™ Covington Partner Nancy Kestenbaum 2

The Sociopathic Business Model™ Covington Partner Nancy Kestenbaum 3

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.
The Sociopathic Business Model™ Covington Partner Ethan M Posner

The Sociopathic Business Model™ Covington Partner Ethan M Posner 2

The Sociopathic Business Model™ Covington Partner Ethan M Posner 3

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.

The Sociopathic Business Model™ Covington Partner Alan Vinegrad

The Sociopathic Business Model™ Covington Partner Alan Vinegrad 2

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.

If you've been injured by any of the companies Covington represents then call & email these attorneys and demand the immediate & permanent removal of Eric Holder from their law firm

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.

Covington deferring payments

Covington boasting about holders deferred payment showing favortism to the defense not the american people

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
  • Amazon.com
  • Bank of America
  • Bristol-Myers Squibb
  • Brown Brothers Harriman
  • Bunge Ltd
  • Coty, Inc.
  • Deutsche Bank AG
  • Eastman Kodak
  • Fenway Sports Group
  • General Electric
  • Hitachi
  • Investment Company Institute
  • Lehman Brothers
  • Microsoft
  • Muntajat
  • National Basketball Association
  • National Football League
  • National Hockey League
  • Natixis
  • Neuberger Berman
  • Norfolk Southern
  • PepsiCo
  • Poongsan Corporation
  • Qualcomm Incorporated
  • SandRidge Energy
  • Saudi Aramco
  • Sotheby’s
  • Sun Financial
  • Terex
  • The Noble Group
  • The Timken Company
  • United Biomedical, Inc.
  • United Technologies Corporation
  • Verizon Communications
  • Viacom
  • Vivendi
  • Weyerhaeuser

Slide2


Here’s a man who just spent six years handing out soft-touch settlements to practically every Too Big to Fail bank in the world. Now he returns to a firm that represents many of those same companies: Morgan Stanley, Wells Fargo, Chase, Bank of America and Citigroup, to name a few.

Collectively, the decisions he made while in office saved those firms a sum that is impossible to calculate with exactitude. But even going by the massive rises in share price observed after he handed out these deals, his service was certainly worth many billions of dollars to Wall Street.

Now he will presumably collect assloads of money from those very same bankers. It’s one of the biggest quid pro quo deals in the history of government service. Congressman Billy Tauzin once took a $2 million-a-year job lobbying for the pharmaceutical industry just a few weeks after helping to pass the revolting Prescription Drug Benefit Bill, but what Holder just did makes Tauzin look like a guy who once took a couple of Redskins tickets

Holder doesn’t look it, but he was a revolutionary. He institutionalized a radical dualistic approach to criminal justice, essentially creating a system of indulgences wherein the world’s richest companies paid cash for their sins and escaped the sterner punishments the law dictated.

http://www.sott.net/article/298855-Eric-Holder-wall-street-double-agent-comes-in-from-the-cold

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6 comments

  1. High Plains Drifter

    I revealed this on this blog long ago, predicting that Holder …under his DOJ leadership unsealed the GSK case to the Defendants –GSK. At the same time it was kept sealed from the public, costing lives and allowing physicians to unknowingly prescribe off label.
    The DOJ turned my whistleblower complaint into a quid pro joke for Holder. Several drugs were ignored. Sara Bloom was either a pathogical liar …incompetent or under the control of superiors at the DOJ. As lead investigator for 9 years, illegally sealing the case from the public and finally fining the company THREE MONTHS OF PROFIT, which is 3 billion dollars. I was the first and only real whistleblower. ..the others jumped on my case after termination and would not divulge the fraud and corruption. I was threatened and coerced into signing this “gift” by the DOJ. Not one other so called whistleblower came forward with the truth, including Blair Hamrick unjustly enriched..who played the hero role. One may read as we posted what the Court thought of Hamrick, regarding wrongful termination and retaliation. Sorry but this is old news I gave Truthman while Hamrick, who eventually QUIT after he got his money, with serious misconduct
    still looming. He got the press time and kept his mouth shut about the way the case was handled. GSK MADE ten times what it was fined, while Holder kept the case sealed from the public…yet unsealed it to GSK so they could for some flimsy defense.

    THE DOJ robbed taxpayers of tens of billions of dollars in fines specifically in the 9 year period and 6 years prior
    where GSK killed or maimed hundreds of thousands of people by hiding clinical trials. This is a story where I came forward as an employee to All Senior management. They were fully informed by me…nobody else.
    JP Garnier, Bob Ingram , David Stout, we’re all aware of the issues. I have a written record of complaints. including prescriptions if Paxil and Imitrex to small children. These are white collar criminals. WAS HOLDER PULLING THE TRIGGER ? I say yes and after I predicted his return to defending GSK at an incredible salary increase in the millions, there is no doubt that his return to Covington Burling should be a red flag and trigger a house investigation. WHAT IS ALSO TELLING IS THAT HE KEPT HIS POSITION OF CONTROL ALMOST EXACTLY TO THE DATE OF THE STATUTE OF LIMITATIONS WOULD EXPIRE. This has no effect on what could be criminal charges. He thinks he is beyond prosecution now as Obama appointed a friend and clone to follow him at DOJ. Loretta Lynch.
    Who out there is willing and in a position of control with the US House of Representatives to investigate this robbery of taxpayers and letting white collar killers off the hook, even knighting one involved early on.

    This is old news that Hamrick would not reveal to Bob Fiddamen. It was given to Truthman who was ready to tell the story. It is old news on this blog, while Hamrick takes money from the dead, lives the plush lifestyle of the rich and famous, a total loser as stated by a Federal Judge…Fiddamen may be a great guy, but again if Hamrick was not a chicken shit loser,quitting the case eventually to expose corruption. ..he would have told Bob Fiddamen instead of playing some kind of hero.
    Post it all again Truthman..I gave it to you, long before the me too’s came forward. This is the tip of the iceberg, and can only be told in a book.
    Holder should be in jail, if what I believe happened under his watch is true. He says he reused himself from the case….who gave all the underlings their marching orders then ? An investigation is called for immediately…….if he is innocent someone else did all the dirty work. It would be impossible for him to not have his finger on the trigger.Now he is repaid by the contract at his old lawfirm in the tens of millions, or more…who knows for sure.
    INVESTIGATE AND PROSECUTE FOR A NINE YEAR SEAL, A GAG ORDER ON ME AND A HUGE PROFIT FOR WITTY and the others –‘AND GSK. ..TRULY WHITE COLLAR KILLERS.

  2. BOB FIDDAMAN (@Fiddaman)

    Aside from the usual obsessive slamming of Mr. Hamrick, I found this comment interesting. If the commentator has info relating to Pediatric Paxil promotion, ergo the line, “JP Garnier, Bob Ingram , David Stout, we’re all aware of the issues. I have a written record of complaints. including prescriptions if Paxil and Imitrex to small children.”, then the commentator should maybe release this information to the public, or, at the very least, offer it to Truthman to disseminate.

  3. High Plains Drifter

    My complaint of some 350 pages, reduced to 80 pages by the DOJ is public information. as are all my letters, to the executives above. I did jump not out as some kind of heroic messiah as did Hamrick, taking credit for the case, yet too afraid to tell the inside story, which is the real story. I came forward with no knowledge of any possible monetary award. Hamrick was hired by me , after I was wrongfully told I needed a partner. …then he turns on me whenever things got tough. The case did not end when we got paid. He quit on everything collateral, took the money and stabbed me in the back on several important issues, saying he could no longer take the pressure. He is liable to me for the millions I am spending in attorney fees….if you believe he is a hero,or did anything with Paxil I don’t care. I was there long before Hamrick. … the Court itself says partially what his real role was, and determined he WAS not a valid WB, and retaliated by GSK in any way.

    If he wanted to talk, it should have included the real issues about the case, which allow GSK to do anything they want, with no fear of any real punishment.
    Is this obsessive slamming of Hamrick ?
    No, I am stating the facts that are relevant instead of saying things over and over that are already in the news.
    Hamrick is irrelevant….It is you and others that listened to his canned crap, that to me was embarrassing to listen to. If you idolize him, I don’t care.

    I still respect you and your blog. You and Truthman have done some important things.

    I am carrying on the fight for justice, he is a quitter. Enough on Hamrick, he just got lucky on my 12 years and counting of real work.

    Let’s stay on topic here and that is the ongoing crimes of GSK and everyone around them. You will only get that from me. ..and that is fine. I have no time for traitors who hide the really important issues and things to be learned from this miserable settlement of 3 billion dollars. I have already suffered repercussions for stating the whole truth. I have no time to repeat what is already public…most of my letters to the above are contained in the complaint, you won’t find anything else from anyone indicting high level GSK management or the DOJ.

    Why ? They did nothing and what they did was for one thing. ..blood money. I am spending a large part of any award to go forward, addressing the issues that everyone else is afraid to talk about, not just Hamrick.
    The case against GSK was a huge failure, and I predicted the China situation and continuing criminal activities because they can get by with it.
    I will talk when I have the right forum, it is a huge, complicated scenario. That is the bottom line. It is not 15 minutes of fame, which is the least of my worries and something I have no time for.

  4. BOB FIDDAMAN (@Fiddaman)

    I don’t want to get drawn into this personal battle of yours. I basically asked for the information, more as a time saving exercise. If you can provide the page number where you have a record of complaints. including prescriptions of Paxil to small children then both I, and I guess, Truthman, will read with interest.

    • High Plains Drifter

      Time saving ? For who? I don’t have the time to do what I have done for essentially 12 years. Ask truthman what is going on. Or have Hamrick get you the 8th Amended complaint and all the exhibits. He has time…

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