Lawyers for the two sides disclosed the settlement during a video conference with the judge Friday, three days before Cohen's 2019 lawsuit was slated to go to trial in a Manhattan state court. Details of the agreement were not made public.
Cohen claimed in his lawsuit that the Trump Organization had promised to pay his legal expenses and did so for a time, footing more than US$1.7 million in legal fees. In court papers, the Trump Organization has disputed that it made certain promises and has said it satisfied any obligations it did have. The company also has argued that Cohen's involvement in the federal investigations wasn't an outgrowth of his former job but rather a personal decision to try to reduce his own criminal legal exposure as an indictment loomed.
Cohen pleaded guilty in 2018 to multiple charges, admitting that he lied to Congress, violated campaign finance laws through excessive political contributions, lied to multiple banks to obtain financing and evaded income taxes by failing to report more than US$4 million in income. He was sentenced to three years in prison, although he served nearly two-thirds of it at home, released after the COVID-19 outbreak overwhelmed the nation's prisons.
Trump has now sued Cohen, accusing him of violating a company confidentiality agreement, breaching ethical standards for lawyers and maliciously "spreading falsehoods" about Trump. A Cohen spokesman, attorney Lanny Davis, has responded that Trump was abusing the legal system to harass Cohen.
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