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( Bloomberg ) • O’Melveny & Myers hired former federal prosecutor Nicole Argentieri as a partner in its white-collar defense and corporate investigations group. ( BLB ) • The FBI raid on the office of Michael D. Cohen—personal attorney to President Donald Trump—puts an end to Cohen’s brief relationship with Big Law. ( BLB via Bloomberg Law ) • SEC Chairman Jay Clayton, a former M&A partner at Sullivan & Cromwell, said one of the biggest surprises of his first year heading the agency has been learning about the levels of fraud surrounding initial coin offerings and penny stocks. “The fraudsters flocked to the new and attractive space. I guess that shouldn’t surprise me, but it does…” ( Bloomberg ) • Sharon Fast Gustafson, the former Jones Day lawyer who is Trump’s general counsel nominee for the Equal Employment Opportunity Commission, faced questions about LGBTQ rights, sexual harassment, wellness programs, and forced arbitration, during her Senate committee hearing yesterday. ( Bloomberg Law ) • The Senate started floor debate yesterday on Trump’s third nomination to the National Labor Relations Board, Morgan Lewis partner John Ring. If confirmed as expected, the management-side lawyer would swing the five-member board back to a 3-2 GOP majority. ( Bloomberg Law ) • Lawyer Richard O. Gates’ “disruptive, abusive, and undignified” behavior when passing through courthouse security screening got him barred six months from practicing before a Virginia federal bankruptcy judge, or even entering the courthouse during that time. ( Bloomberg Law via BLB ) • Baker McKenzie said veteran tax and employment lawyer Michael Jaffe joined the firm as counsel in New York. Jaffe spent 30 years at PwC France Tax and Legal in Paris, and a little more than a year as a partner at Taylor Wessing, in both Paris and New York. ( BakerMckenzie.com ) • Michigan State University’s ties to former Olympic gymnastics doctor Larry Nassar could cost it more than the $109 million that Penn State paid to 35 sexual abuse accusers of assistant football coach Jerry Sandusky, according to a report. Michigan State faces more than 250 Nassar victims and it has already been billed $9 million by law firms, an amount likely to rise.
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