Pete Buttigieg leads 2020 rivals in Wall Street contributions.
Representatives for Sullivan and Cromwell did not respond to multiple requests for comment. Cohen, one of the firm's prominent attorneys, also didn't respond to a request for comment.
In announcing that Cohen's donation was being returned, Buttigieg's campaign said he was"no longer actively involved with the campaign." At least two other max-out donors from the firm have had roles in some of the most controversial recent financial scandals and mergers. The firm's work on mergers in particular could raise concerns among voters in Iowa, where Buttigieg has staked much of his candidacy on a strong showing in the nation's first caucuses. Sullivan & Cromwell worked on one of the biggest agricultural company mergers in history in 2018 when drug and chemical company Bayer combined with agricultural giant Monsanto.
Austin Frerick, a native Iowan and former Treasury economist who now heads up an antitrust enforcement research program at Yale University, said “seed cost increases are a direct impact of ag mergers like these,” “Antitrust is about power, and are you willing to trust power,” Frerick said. “This type of donation from a law firm makes me question his ability to challenge power."
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