1454
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| A law firm rendered an opinion to a federal agency which took over a financial institution. The law firm also represents the same agency in unrelated matters. The firm has now been asked to represent an executive of the financial institution in a grand jury probe related to the receivership.The law firm may not represent the executive if it had obtained material secrets or confidences while rendering an opinion to the agency or in its current unrelated representation of the agency. The representation would otherwise be proper as long as the agency and the executive consent.If adversity develops between the agency and the executive during the course of the representation, the law firm must withdraw from representing the executive in the grand jury proceeding and the agency in the unrelated matter. |