Michael Cohen expected to lose defense lawyers and likely to cooperate with prosecutors: report

President Donald Trump’s long-time personal lawyer Michael Cohen is expected to lose his current legal defense team and is likely to begin cooperating with federal prosecutors who are investigating him, according to a new report Wednesday.

ABC News, which first broke the news in an article citing unidentified sources, said that Cohen’s current attorneys, Stephen Ryan and Todd Harrison, are not expected to represent him going forward in the pending criminal probe in New York City.

The Wall Street Journal quickly followed suit, reporting Ryan’s and Harrison’s expected departure, which the newspaper said is planned to occur after the lawyers complete an ongoing review of files seized from Cohen in an April 9 FBI raid.

The Journal article said Cohen is searching for a new criminal defense lawyer and has not yet decided whether to cooperate. ABC News said it is likely that Cohen will cooperate.

It is not unusual for a target of a criminal investigation to switch lawyers when they are on the verge of cooperating with prosecutors.

But as of Wednesday morning, there was no filing by Cohen’s legal team in federal court in Manhattan indicating they are withdrawing their ongoing representation of him.

The articles came a day after reports in Vanity Fair and the New York Daily News that Cohen has been telling friends he expects to be arrested any day now. Cohen denied that to Vanity Fair.

Cohen has not been charged.

But Ryan and Harrison, as well as lawyers for Trump and the Trump Organization, have been involved in ongoing legal proceedings related to files seized from Cohen by FBI agents during searches of his New York office, home and the hotel room where he had been staying during apartment renovations.

Cohen’s lawyers face a deadline this Friday to complete a review of all of those files. If they are not finished by then, Judge Kimba Wood has said she will allow a team of federal prosecutors not connected with the investigation to review the files and screen out ones that may be subject to withholding from the case prosecutors because of attorney-client confidentiality privilege held by Cohen’s clients.

Neither Ryan nor Harrison immediately returned calls seeking comment from CNBC on Wednesday. Cohen could not be reached for comment.

A spokesman for the United States Attorney’s Office for the Southern District of New York, the office that is investigating Cohen, declined to comment.

Michael Avenatti, the lawyer for porn star Stormy Daniels, told NBC News that, “Our understanding is consistent with the reporting by ABC,” that Cohen’s lawyers will be leaving his case

“The abandonment of Mr. Cohen by Mr. Ryan is a disaster for Mr. Cohen and for Mr. Trump,” Avenatti said.

Cohen, 51, is being investigated for various business dealings, in addition to the $130,000 payment he made Daniels shortly before the 2016 presidential election that sent Trump to the White House.

Daniels has said the money was in exchange for her keeping quiet about an affair she says she had with Trump in 2006.

The White House has denied any such affair, but Trump belatedly this year acknowledged reimbursing Cohen for that payment.

Additional reporting by Brian Schwartz and Jim Forkin

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