05.16.18

Novartis General Counsel to Step Down After Cohen Payments

Source: Bloomberg

Novartis’ top lawyer became the first executive to take the fall for the controversial $1.2 million in payments he helped arrange to Donald Trump’s attorney, as the drugmaker tries to contain the furor from last week’s revelation, according to a report in Bloomberg.

Felix Ehrat, who along with former Chief Executive Officer Joe Jimenez signed the agreement with a consulting firm led by lawyer Michael Cohen, will step down after seven years as Novartis’s general counsel, the Basel, Switzerland-based company said Wednesday in a statement. In an interview with Bloomberg, Jimenez said Cohen told him he had left Trump’s organization and stopped working for the president before pitching for business with Novartis.

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