ABC News
Breaking NewsPresident Obama to Reveal Afghanistan Plans in Address to the Nation Tuesday Night

Eric Holder Hired to Close Sale of Bankrupt Firm Amid Security Fears

President-elect Barack Obama's pick for Attorney General registered to lobby in 2002 for a U.S. firm whose proposed sale to foreign buyers was stalled by U.S. officials who feared a national security risk. After months of negotiations – and over $1 million in fees for the efforts of Eric Holder and four other lobbyists from his firm – the sale of the company, Global Crossing Ltd., went through. In 2002, national security officials balked at a proposed sale of the bankrupt telecommunications... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
39 Comments | Add Yours
Comments that include profanity, personal attacks, or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will be removed from the site. We will take steps to block users who violate any of our terms of use. You are fully responsible for the content you post.