Saturday, April 1, 2017

Investment Firm Fires Law Firm for “Enabling” Trump

From the Legal Intelligencer:

Morgan, Lewis & Bockius, you're fired, client H. Scott Wallace told the firm's leader this month in a scathing letter condemning its representation of President Donald Trump.

The letter, dated Tuesday and first reported by Politico, appears to be the first public sign of client blowback directed at Morgan Lewis over partner Sheri Dillon's work concerning the Trump family business and the president's duties and ethical obligations.

Addressing Morgan Lewis chair Jami Wintz McKeon, Wallace called the firm's legal sign-off on Trump's sons running his trust and other ethics issues "an unprecedented invitation to corruption and an assault on our democracy."

"Americans deserve a president of undivided loyalty," he wrote. "Your firm has denied them that. We cannot be complicit in that."

Wallace is the grandson of Henry A. Wallace, the New Deal politician who served as vice president to Franklin Delano Roosevelt. The late, elder Wallace founded Wallace Global Fund, a mission investing fund that supports many issues Trump does not, including climate change and protecting against a "corporatist state that concentrates power in the hands of the few."

Tax records show the fund paid $77,433 to Morgan Lewis in the most recent fiscal year.

In his letter to McKeon this week, Wallace attacked the firm's legal positions and accused Trump of using the presidency for personal gain.

Here is Wallace’s letter.


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