Bloomberg Law
Jan. 5, 2017, 1:48 PM UTC

Wake Up Call: California Hires Holder to Fend Off Trump

• Democratic leaders of the California Legislature hired a Covington & Burlington team led by Eric H. Holder Jr., former attorney general under President Barack Obama, to advise them on legal fights that could arise with the Trump administration. ( New York Times ) The price tag for that “anti-Trump strategy” is about $25,000 a month. ( The Recorder )

• President-elect Donald Trump wants Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission. Video. ( Bloomberg ) Bloomberg editors and reporters discussed the pick. ( Bloomberg Radio )

• Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political ...

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