This Ex-Congressman Wiped Out Six-Figure Big Law Debt
Michael Grimm, who once threatened to throw a reporter off a Capitol Hill balcony, somehow managed to shed a six-figure debt to Squire Patton Boggs.
October 16, 2017 at 06:45 PM
3 minute read
Only in New York.
Earlier this month, former Rep. Michael Grimm officially announced that he had launched a campaign to win back his old seat in the U.S. House of Representatives representing Staten Island, New York, and parts of neighboring Brooklyn. Grimm had served an eight-month prison sentence he received in 2015 after pleading guilty to tax evasion for concealing almost $1 million in receipts from a restaurant that he co-owned.
Grimm, a lawyer disbarred from federal practice who also once threatened to throw a reporter off a Capitol Hill balcony, also recently managed to wipe out the $421,788 debt that his campaign owed in legal fees to the firm now known as Squire Patton Boggs. His campaign, had it raised more than $5,000, would have been required by mid-October to have filed a report detailing the money it had in a posting on the Federal Election Commission's website.
But no such report was posted, most likely because Grimm's campaign has not raised that much. Nor, as a result, has Grimm started the clock ticking on when he will be required to file a financial disclosure form with the clerk of the House of Representatives.
A spokesman for Grimm told the New York Daily News in late September that the former congressman no longer owed any money to Squire Patton Boggs, a global legal giant created in mid-2014 when Squire Sanders agreed to combine with Washington, D.C.-based Patton Boggs. The campaign had managed to negotiate a settlement, Grimm's spokesman said.
Grimm himself was represented by former Patton Boggs partner William McGinley, who left the firm in May 2014 to join Jones Day ahead of Patton Boggs' merger with Squire Sanders. Jones Day, of course, has close ties to the Trump administration.
Earlier this year, McGinley was one of several former Jones Day lawyers to join the White House, taking the role of deputy assistant to the president and cabinet secretary. Government financial disclosure forms show that McGinley had a $1.5 million partnership share at Jones Day. A Jones Day spokesman did not immediately respond to a request for comment about Grimm.
In recent days, Grimm has been making the rounds with former White House chief strategist Steve Bannon, who has declared war on the Republican Party establishment.
For its part, Squire Patton Boggs is not offering any of its own explanations about the source of its replenished funds.
“We do not have a comment on the matter,” said firm spokesman Angelo Kakolyris.
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