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OneMain Hires Ex-Fox News General Counsel as Next Top Lawyer

July 16, 2021, 6:38 PM

OneMain Holdings Inc., a consumer financial services provider that was in the market for a new law department leader, has hired former Fox News Media general counsel Lily Fu Claffee.

Kelly Ogburn, a OneMain spokeswoman, confirmed to Bloomberg Law that July 12 was Claffee’s first day as chief legal officer. Claffee stepped down in May from Fox Corp.'s cable news operation. Bernard Gugar, a former Big Law partner and Google Cloud executive, replaced her at Fox News.

During her time at Fox News, Claffee found herself involved in political controversies surrounding the cable network’s coverage of the Trump administration. Claffee didn’t respond to a request for comment about her move to OneMain. Viet Dinh remains Fox Corp.'s top lawyer.

OneMain is the former subprime lending arm of Citigroup Inc., which sold it in 2015 for $4.3 billion in cash to Fortress Investment Group LLC-backed Springleaf Holdings Inc. Citi received several bids for its former subsidiary after putting it up for sale. The company, now based in Evansville, Ind., does business as OneMain Financial.

Adam Rosman, who has been OneMain’s top lawyer since January 2020, will as of July 26 become financial technology company Fiserv Inc.’s chief administrative and legal officer. Fiserv hired Rosman in late June to replace its legal chief, Lynn McCreary, who left last month for the top legal job at sports gaming company Sportradar AG. Rosman didn’t respond to a request for comment about his successor.

OneMain’s most recent proxy statement shows that it gave more than $1.1 million in total compensation last year to former general counsel John Anderson. He retired from OneMain on Jan. 2, 2020, but remained a non-executive employee of the lender through Feb. 21 of that year.

Anderson received almost $2.3 million in total compensation from OneMain in 2019 and nearly $35.6 million in 2018. OneMain didn’t include Rosman as one of its four highest-paid executives in its latest proxy.

Claffee’s compensation at OneMain has not been made public. Prior to joining Fox News in May 2018, she spent more than seven years as the top lawyer and corporate secretary for the U.S. Chamber of Commerce, which paid her roughly $969,500 in 2018 and more than $1.4 million in 2017, according to federal tax filings.

Prior to joining the Chamber in 2010, Claffee was a Washington-based partner in Jones Day’s government regulation practice, having joined the firm in 2008 after serving as general counsel for the Department of Commerce and deputy general counsel at the Department of the Treasury.

Claffee took those roles after joining the second Bush administration’s Department of Justice in 2005 as a deputy associate attorney general. She spent the previous decade as a litigation associate and partner at Mayer Brown in Washington. Mayer Brown, for its part, hired OneMain’s former chief tax officer Daniel Kiely last year as a partner in its tax transactions and consulting practice.

Fox News hired Claffee after its former general counsel, Dianne Brandi, took a leave of absence as the company coped with a series of sexual harassment lawsuits and settlements involving prominent executives and television personalities.

To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com

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

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