Beginning Next Week: InsideCounsel will become part of Corporate Counsel. Bringing these two industry-leading websites together will now give you comprehensive coverage of the full spectrum of issues affecting today's General Counsel at companies of all sizes. You will continue to receive expert analysis on key issues including corporate litigation, labor developments, tech initiatives and intellectual property, as well as Women, Influence & Power in Law (WIPL) professional development content. Plus we'll be serving all ALM legal publications from one interconnected platform, powered by Law.com, giving you easy access to additional relevant content from other InsideCounsel sister publications.

To prevent a disruption in service, you will be automatically redirected to the new site next week. Thank you for being a valued InsideCounsel reader!

X

U.S. attorney general Eric Holder to step down after nearly six years

Holder was one of three original Obama administration cabinet members still serving in his position

Eric Holder Jr., the nation’s first black U.S. attorney general and currently the fourth-longest serving attorney general in history, will be stepping down as soon as a replacement is found. The announcement caps a term in which he faced a number of pressing issues, including banking industry settlements, massive cybersecurity breaches, and a monumental shift in healthcare law.

Holder’s resignation, first reported by National Public Radio, comes in the middle of President Obama’s second term. NPR quotes one government official as saying Holder was “adamant” about leaving the post now, before he is locked into the position for the rest of Obama’s term in office.

Holder was one of three members of the original Obama cabinet still serving in the same post, along with Tom Vilsack, secretary of agriculture, and Arne Duncan, secretary of education.

Before becoming U.S. attorney general, Holder worked as deputy attorney general in the Department of Justice (DOJ). He also worked at law firm Covington & Burling in Washington, D.C., before being appointed as attorney general in February 2009.

__________________________________________________________

RELATED STORIES:

Associate AG Tony West to take job at PepsiCo

BP may be forced to pay up to $18B for its role in Deepwater Horizon spill

Lifeboat lawyers

__________________________________________________________

 

Two sources told NPR that Holder plans to leave the DOJ as soon as his successor is announced. However, his next plans are not known. A return to Covington & Burling is not out of the cards, especially considering Holder’s purchase of a downtown Washington condo in April 2014. “You'll have to figure that one out,” Holder told the Huffington Post at the time about how the purchase fits into his future plans. It's closer to the Justice Department, but also closer to Covington & Burling.”

Both in his dealings with the business world and outside of it, Holder was a controversial figure. In the past year, Holder secured the single largest penalty that a corporation has paid to the government with JPMorgan’s $13 billion financial crisis settlement. He also notably brought an antitrust suit against the merger of U.S. Airways and American Airlines, forcing the combined company to divest certain assets.

Holder’s successor as attorney general is still unknown. However, government sources tell NPR that Solicitor General Don Verrilli, the Obama administration’s top representative to the Supreme Court, is a leading candidate for the position. 

Assistant Editor

author image

Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.