Felix Ehrat, general counsel for the Swiss drugmaker, noted in a statement Wednesday that the company's $1.2 million agreement was "legally in order", but added "it was an error".
Novartis said its general counsel, Felix Ehrat, had chose to retire from his position in the "context of discussions" surrounding the payments to Cohen.
The one-year contract with Essential Consultants - signed in February 2017, shortly after Trump became president - saw Novartis agree to pay Cohen (pictured above) $100,000 (£74,000) per month.
Ehrat announced he'd step down from Novartis in June, admitted the Cohen deal was "an error."
Last week, Daniels' lawyer Michael Avenatti wrote on Twitter that Novartis and USA telecoms giant AT&T had used the services of Cohen's firm Essential Consultants - the same company used to make the payment to Daniels. He will be replaced by chief ethics, risk and compliance officer Shannon Thyme Klinger. It said it believed that Cohen could advise the company on the Trump administration's approach to healthcare policies, including the Affordable Care Act.
Jimenez said he also made a mistake in not seeking to end payments to Michael Cohen immediately after Novartis quickly determined that he would be of little help.
Apart from AT&T and Novartis, Cohen was also paid by Korea Aerospace Industries and Columbus Nova, a NY investment firm whose biggest client is Renova Group, a conglomerate owned by US -sanctioned, Kremlin-backed Russian oligarch Victor Vekselberg.
Ehrat's retirement echoes that last week of of AT&T's top lobbyist, Bob Quinn, who had responsibility for that company's hiring of Cohen and his Essential Consultants vehicle.
Joe Jimenez, the CEO of Swiss pharmaceutical company Novartis AG, addresses a news conference to present the company's 2016 results in Basel, Switzerland January 25, 2017.
He says that it's all down to the type of exercise you do in your spare time, versus occupational physical activity. The studies they added considered majorly the lifestyle aspects of smoking and alcohol consumption, etc.
He said that while the 21-year-old man was born in Chechnya, he had spent nearly his entire life in France. The friend, arrested in the eastern French city of Strasbourg, was born in 1997, a source said.
With Ramadan starting on Tuesday, May 15, 2018, the 30-day period will come to an end on Thursday, June 14, 2018. Thursday will be the first day of Ramadan in all other Gulf states as well as in many Arab and Muslim countries.
US West Texas Intermediate (WTI) crude futures were at $71.02 a barrel, down 29 cents, or 0.4 percent, from their last settlement. West Texas Intermediate , the USA marker, is $3.21 a barrel below Middle East benchmark Dubai.
The gesture was a tribute to his mother, Gretchen Piscotty, who passed away on May 6 after battling ALS for almost one year. Athletics: To make room on the roster for Piscotty, Oakland optioned RHP Kendall Graveman to Triple-A Nashville.
The Brookfield Police Department said on its Facebook page that First Selectman Steve Dunn had "declared a town disaster". Connecticut State Police also confirmed that someone in New Fairfield was killed after a tree landed on their auto .
FanDuel , founded in Edinburgh , is backed by the likes of Kohlberg Kravis Roberts, Google Capital and NBC Sports Ventures. Deutsche Bank restated a "buy" rating on shares of Paddy Power Betfair in a research report on Friday, March 9th.
Allardyce lifted Everton from position 13 to 8 after signing Theo Walcott, Cenk Tosun Wayne Rooney in January. Sam Allardyce has been sacked by Everton hours after he slammed Everton over backroom restructure.
New Delhi woke up to strong winds accompanied by dust Wednesday, May 16, and the weather is likely to remain the same for a while. Subsequently on May 9, several parts of Uttar Pradesh were struck by a severe storm that left 18 dead and 27 others injured.
Pre-orders sold out in advance of the launch and those hoping to buy one in-store were met with long lines and empty shelves . The Nintendo retro console, along with the SNES Classic Edition, will be available until the end of 2018.
Resumes stacking up for much-coveted NY Attorney General job
It's up to the state Legislature, however, to pick someone to fill out Schneiderman's term, which expires at the end of the year. Barclay is one of two Republicans on the panel, which is controlled by Democrats because they hold the majority in the Assembly.
Real Madrid back FIFA's plans for 24-team Club World Cup
He adds that the Swiss is expected to call an emergency Fifa Council meeting in early June in a bid to get the green light. That would include Liverpool , Manchester United , Real Madrid , Barcelona, AC Milan , Bayern Munich, Ajax and Inter Milan.
Relegated Ajax Cape Town off to court
The scheduled fixture in Thohoyandou on Wednesday, 16 May between Black Leopards and Platinum Stars will go ahead. Ajax will now seek an urgent court interdict to stop the relegation/promotion playoffs from taking place.
AirFly lets you pair your AirPods with nearly anything
Twelve South has made a name for itself by designing pretty and practical products that perfectly complement our Apple devices. AirFly retails for $39.99 United States dollars and is available from Amazon .com and Twelve South's website .
Volvo S60 won't offer a diesel engine
Instead, they will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle. Samuelsson told the FT: "We're not saying diesel is more dirty, but it's more complicated and more expensive".