Officials Must Note Financial Conflict Of Interest Law

W
WilmerHale

Contributor

WilmerHale provides legal representation across a comprehensive range of practice areas critical to the success of its clients. With a staunch commitment to public service, the firm is a leader in pro bono representation. WilmerHale is 1,000 lawyers strong with 12 offices in the United States, Europe and Asia.
In this article, Adam Raviv, Christopher Babbitt, Blake Roberts and Molly Jennings discuss the importance for incoming federal officials to understand the financial conflict of interest statute...
United States Litigation, Mediation & Arbitration

Earlier this year, Brenda Fitzgerald, the director of the U.S. Centers for Disease Control, was forced to resign because, shortly after taking the position, she had purchased stock in tobacco and pharmaceutical companies — transactions that created a conflict of interest between her financial holdings and her official role.

According to public accounts, the director had not personally directed the purchases, which were instead made on her behalf by an investment manager. She also owned hundreds of other stocks, and there was no evidence that she...

Click here to continue reading (subscription required)

Originally published by Law360

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More