Trump Lawyer Michael Cohen No Longer Has a Lawyer Representing Him

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The McDermott lawyers representing Cohen are Stephen Ryan and Todd Harrison.

Earlier in the day, multiple reports said that Michael Cohen's lawyers were set to stop representing him in the case.

U.S. President Donald Trump's personal lawyer Michael Cohen arrives at federal court in NY, on May 30, 2018.

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The Wall Street Journal quickly doused ABC's speculation with a clarification that Cohen and his legal team had simply chose to part ways after the ongoing privilege review of those 3.7 million seized documents was completed. A source tells the Journal that Cohen hasn't decided whether he will cooperate with prosecutors, but sources told ABC that Cohen is likely to cooperate with investigators.

Cohen is now under investigation by the U.S. Attorney's Office for the Southern District of NY for possible bank fraud and campaign finance violations.

Roughly 3.7 million files were seized in the Cohen raid and are being reviewed to determine which ones may be subject to attorney-client privilege. (Reached for comment, Cohen wrote in a text message, "Your alleged source is wrong!") The specter of Cohen flipping has Trump advisers on edge.

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Avenatti made the opposite argument when he put forward evidence that longtime Donald Trump lawyer Michael Cohen had used a Trump Organization email address when negotiating a non-disclosure agreement that got Daniels a $130,000 "hush" payment.

Alan Dershowitz, a retired Harvard Law School professor who defends Trump on television and serves as an informal adviser, has sought to cast doubt on the reliability of Cohen's potential testimony. Trump's lawyers have resigned themselves to the strong possibility that this investigation could lead Cohen to cooperate with prosecutors. NBC News' Katy Tur also reported that Cohen expected to be arrested soon.

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Cohen hasn't been charged in the investigation into his business dealings. Cohen is under investigation for bank fraud and violating campaign-finance law. "Trump should be super anxious about Michael Cohen", a former White House official said.

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