There is a potential COI mentioned below, for which Feinberg agreed to donate the profits to charity, if such a settlement happens. The guy is from a Whiteshoe law firm anyways, the allocated funds are tiny, and this seems pretty above board.
Much ado about nothing!
> In a statement to the Prospect, the Department of Defense wrote that the arrangement was aboveboard. “OSC [DOD’s Office of Strategic Capital, which leads the Pentagon’s rare earths investments] maintains a rigorous, multi-layered ethics framework that includes a detailed screening process and operates in full compliance with all federal ethics laws and regulations,” the statement said. The DOD did not comment on whether Waldenberg is involved in other Pentagon activities, or specify its ethics protocols. Waldenberg’s firm, according to the federal government’s public contracting database, has a contract with the DOD worth $1.5 million that runs through August 31, 2026.
> The DOD has said that “any profit [Feinberg] may receive from a potential Ligado settlement will go to a charity to support America’s veterans,” though a spokesperson declined to say which charity would receive the prospective donation. The Capitol Forum recently reported that Ligado is hoping to receive $5 billion from the feds, citing sources familiar with the case. That would surpass the federal government’s 2010 $3.4 billion settlement with Native American tribes, compensating them for the centuries-old confiscation of tribal lands.