UPDATED: Bank Of America, JP Morgan, Johnson & Johnson, White Collar Crime Law Firm Covington & Eric Holder Case Study
UPDATED below original story: August 28, 2015 Bank Of America Reportedly Settles Overtime Lawsuit For $36 Million
August 25, 2015
The Securities and Exchange Commission and the U.S. Department of Justice charged Ashish Aggarwal, who worked in the San Francisco office of J.P. Morgan ( ), with illegally tipping his friends with secret information about pending mergers and acquisitions. CNNMoney
#MEDIA Ask if today’s JP Morgan announcement is part of a whistleblower case and if Covington represents the company
What mainstream media is failing to report is that Eric Holder former US Attorney General, who was involved in prosecuting this case on behalf of the government now works for law firm Covington who defends companies accused of white collar crime and previously boasted JP Morgan as a client in an SEC Investigation.
It’s not uncommon in complex multi-government cases like this for one person (or people) to possibly get kicked-out from under federal seal (whistleblower or False Claims) as part of a much larger investigation. During the course of the investigation the SEC & DOJ in conjunction with the FBI potentially find guilty targets: Ashish Aggarwal, and his two friends Shahriyar Bolandian and Kevan Sadigh were charged with securities fraud among other things and Bolandian is also charged with money laundering.
The kick-out of individuals is potentially done for three reasons:
- it unethically allows the company to try and distance from crimes by placing blame without shame, remorse guilt or accountability while
- the government is negotiating civil & criminal charges
againstwith the company
- forces those individuals named and charge, once protected by company’s attorneys to now find their own attorneys as they’re no longer legally allowed to be presented by the same attorneys who are represnting the company.
- This is consistent with JP Morgan declining to comment, which again points to a possible under seal whistleblower lawsuit) and that Aggarwal has an attorney lawyer, Grant Fondo of Goodwin Procter.
#MEDIA Ask if Covington is currently representing any major companies in white collar whistleblower cases
Of course we know they can’t answer that, but isn’t THAT the problem? Frequent readers of this page may note an interesting similiarity in pattern to JP Morgan with Johnson & Johnson’s Ethicon’s Acclarent where two former executives were charged in an indictment that was unsealed. Again the language used implies that there’s still likely more sealed which again speaks to the two reasons mentioned above, it allows an unethical company accused of crimes in a whistleblower lawsuit to distance from their crimes without shame, remorse, guilt or accountability while they negotiate with the goverment on corporate civil and criminal damages.
Large companies like JP Morgan and Johnson & Johnson, who law firm Covington also previously boasted as a client, likely stick with the same firm in large government cases in part because they have relationships with the goverment and multiple offices and support staff to meet the demands of cases that run an average of five to 10 years.
If Covington is representing JP Morgan or Johnson & Johnson in any current sealed whistleblower lawsuits where Eric Holder was US Attorney General his employment at Covington contradicts and undermines whistleblowers who represent the taxpayer’s interest. Holder’s no longer protecting the people he’s fighting against them at Covington who protect companies accused of unethical & illegal behavior. Eric Holder was not just some Attorney General from the mid-west who saw a few cases a year, Holder oversaw every single industry and essentially every case in the United States, from automakers, banking, pharma/med device, technology and why it is unethical and should be illegal for Covington to employ him for the next ten years.
Covington is (
eye-roll) potentially exploiting the spirit of the federal whistleblower seal by unethically manipulating facts while not recognizing the rights of taxpayers; and why Eric Holder must be immediately & permanently terminated from their law firm.
Covington is hoping the taxpayers aren’t smart enough to notice what they’re doing and when their top suspected clients control billions in advertising dollars (Johnson & Johnson spent $2.6 billion advertising in 2013) and advertising controls the media which is exactly why you won’t see mainsteam media reporting this.
The DOJ should be investigating Covington and not potentially negotiating with them.
UPDATED: August 28, 2015 Bank Of America Reportedly Settles Overtime Lawsuit For $36 Million
Hey which law firm boasted they represented Bank of America before? If you guess Covington you’re catching on!