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Ex-Acting AG Rosen Goes to SPAC Led by Former JPMorgan Executive

July 28, 2021, 4:55 PM

Jeffrey Rosen, who was acting attorney general under President Trump, has joined the board of a special purpose acquisition company that went public this month, according to the SPAC’s registration papers.

Good Works II Acquisition Corp. seeks to invest “in a high-quality company in need of growth capital,” recent paperwork from the U. S. Securities and Exchange Commission shows. Good Works II’s CEO, Douglas Wurth, is the former head of global alternative investments with JPMorgan Chase Co.

Rosen assumed the Justice Department’s top job for about a month after former Attorney General William Barr stepped down last December. Rosen resisted President Trump’s urgings to press claims of alleged voter fraud, and colleagues had to rally around him to prevent his ouster, the New York Times has reported.

Rosen last month was among roughly 20% of top Trump government lawyers who hadn’t yet landed a post-administration role, according to a Bloomberg Law analysis. The revolving door that typically sees officials get lucrative or prestigious post-administration roles has been spinning more slowly for the Trump appointees, according to legal recruiters.

Rosen has also taken a post as a non-resident fellow for the American Enterprise Institute. He didn’t respond to a request for comment.

Good Works II this month announced the closing of a $230 million initial public offering and began trading on the Nasdaq under the ticker GWIIU at $10 per share. As of mid-day Wednesday, the stock was selling for $9.95.

Good Works II’s CEO, Wurth, is also co-chairman of a separate SPAC, Good Works Acquisition Corp. That SPAC earlier this year announced plans to combine with bitcoin miner Cipher Mining Inc. and have the new entity publicly traded on Nasdaq.

Wurth could not be reached for comment on Rosen’s role with Good Works II.

Rosen worked for almost 30 years with Kirkland & Ellis in two different stints, most recently as a senior partner focusing on litigation and regulatory matters. In government he served at the Transportation Department and Office of Management and Budget before serving as Barr’s top deputy from 2019 through late 2020.

According to a January New York Times report, Patrick Hovakimian, Rosen’s chief of staff at the Justice Department, helped to stop Rosen’s firing over Rosen’s refusal to write a letter to state legislators in Georgia, telling them that DOJ was investigating alleged voter fraud in the state that could overturn the state’s election results. Trump relented after a number of DOJ officials threatened to quit if Rosen was terminated.

To contact the reporter on this story: Sam Skolnik in Washington at sskolnik@bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes at jhughes@bloombergindustry.com

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