Attorney General Kathy Jenning’s office announced yesterday that they have gotten a ruling from the Delaware Court of Chancery that dissolves two Limited Liability Companies owned by Michael Cohen and formed under Delaware law after petitioning the Court to approve a stipulation of judgment.
This is excellent news, but now let’s get to working on the several Trump-related LLCs and corporations formed under Delaware law.
“Dissolving Mr. Cohen’s LLCs ensures that they can never again be used to evade or violate the law,” said Attorney General Jennings. “Delaware’s role in the corporate community is a privilege that comes with responsibility. We expect every Delaware business to follow the law, full stop, and my office will not hesitate to use our full authority to stop criminal abuse of a Delaware LLC or corporation.”
Cohen, a former attorney for President Donald Trump, pleaded guilty in August 2018 to Making False Statements to a Bank, Excessive Campaign Contribution, Causing an Unlawful Corporate Contribution, and 5 counts of Evasion of Personal Income Tax.
Cohen confessed to using Essential Consultants LLC, to facilitate a payment of $130,000 to an adult film actress claiming to have been involved with then-presidential candidate Donald Trump, to pay for technology services purchased for the Trump campaign, and make other payments. Cohen further admitted that he planned to use a second LLC, Resolution Consultants LLC, to facilitate a $125,000 payment to a second woman claiming involvement with Trump but later canceled the agreement. Attorney General Kathy Jennings petitioned in September 2019 to cancel both LLCs’ formation documents. Cohen has cooperated fully on the proposed stipulation of judgment in this matter.