Novartis paid $1.2m to "The Fixer," had 1 meeting, then decided he was "unable to provide services"

[Miles Archer]

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@Tom_Winter

NBC News: In a new statement (their third) Novartis says they paid $1.2 million to Michael Cohen, had one meeting with him and determined he would be "unable to provide the services that Novartis had anticipated related to US healthcare policy matters." https://www.nbcnews.com/news/us-news/daniels-lawyer-cohen-got-500k-russian-oligarch-viktor-vekselberg-n872481 …

Link to tweet

https://www.nbcnews.com/news/us-news/daniels-lawyer-cohen-got-500k-russian-oligarch-viktor-vekselberg-n872481

[dalton99a]

1. And there's no pharmaceutical remedy for it

Sad.

[Skraxx]

2. Nice Gig

$1.2m and no services rendered. Sounds legit.

[jberryhill]

3. Wow, that's double my rate

It kills me how much NY lawyers can charge for services that you can get much cheaper in Philly.

[manor321]

4. HA HA HA HA HA HA!

That's hilarious!

Does not pass the smell test.

[dsc]

5. I am willing to offer no services for the bargain price of $1 million

[HopeAgain]

6. Geez, I would have told them I couldn't help them for a fraction of that...

say, $130K?

[Leghorn21]

7. So is Novartis the Rudy Giuliani of pharma companies?

Keep talkin, No!! We expect another statement from you, oh, just before dinner this evening, thanks in advance!

[sunonmars]

8. Cohen is basically the intermediary slush money laundering pay for access grifter. Trumps banker.

[winstars]

9. Novartis: Keep the change Mikey!!!

[matt819]

10. In other words

Novartis bribed Trump via Cohen, and neither one of them delivered. What a shock. Trump doesn't deliver on his promises, bribed or not.

[Raven123]

11. Shareholders must be so happy

[Mr. Ected]

12. So where's the agreement between them?

Surely a publicly-traded company didn't fork over $1.2 million without even a pro forma agreement to set the parameters.

What....where they on drugs or something?

[Uncle Joe]

13. Well the meeting did drag on a bit.

.... so they have that going for them.

Thanks for the thread, Miles Archer

[rurallib]

14. If market forces were at work, the shareholders would throw the board of directors out the door

but they will be re-elected with 99% approval - hell they'd probably put Cohen on the board.

[grantcart]

17. They have enormous exposure for a shareholders lawsuit

[C_U_L8R]

15. Side effects may include...

bribery and money laundering charges, SEC, FTC, FEC and IRS investigations, shareholder lawsuits, flatulence, incontinence, hair loss and erectile disfunction

[sunonmars]

16. Yup those companies have explaining to do.

[OnDoutside]

18. So.....where are the records relating to the other $800,080 ?

[Tom Rinaldo]

19. I'm suspicious

It makes no sense for them to contract to pay over a million dollars to someone who they could subsequently see completely through in one meeting. I would expect some preliminary discussions to explore what of value could be offered before spending that type of money. I would expect some contingencies built into the contract allowing it to be terminated prior to full payment if services provided were inadequate.

I think there is something here that they are not admitting to.