Jul 18, 2017

Trumpworld's lawyer intrigue

Andrew Harnik / AP

Diverging interests ... A "new layer of drama and suspicion in a White House already rife with internal rivalries," per AP's Julie Pace and Julie Bykowicz:

  • "[A] growing cast of lawyers is signing up to defend President Donald Trump and his associates. But the interests of those lawyers — and their clients — don't always align."
  • "The result is a crowded group of high-priced attorneys bent on defending their own clients, even if it means elbowing those clients' colleagues.
  • "Alan Futerfas, the attorney for the president's son, said Trump Jr. had been 'absolutely prepared' to make a 'fulsome statement' [about the Russia meeting] ... He did not respond to questions about why the initial statement, ... which was seen by the president, lacked some of those details."

Read more from Axios' Alayna Treene on Trumpworld's white collar lawyer hiring spree.

"Flynn Plans Defense Fund," by Bloomberg's Shannon Pettypiece:

  • "Michael Flynn ... may become the first associate of President Donald Trump to begin raising money for legal costs associated with the Russia investigation, though others also are weighing how to finance their legal defenses."
  • "Even if Flynn is never charged with a crime, his legal costs could reach hundreds of thousands of dollars .. The tab could easily climb to $1 million for a criminal defense."
  • "Flynn is among more than a dozen former Trump campaign officials and advisers who are at risk of hefty legal costs."

Go deeper

Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.