Concord Partners Fires Alina Habba Over Duties
The Florida firm cited a failure to perform duties in a November 4 letter to its former general counsel.
Updated on Nov. 11, 2026 in Financial Crime
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Concord Partners, a Florida company, fired Alina Habba, its general counsel, in a letter dated November 4 citing failure to perform duties. Habba is reportedly planning legal action over the firing.
Why it matters
The dismissal of a high-profile general counsel raises questions about the terms of executive compensation and accountability at a firm tied to a pardoned banker. Habba's reported plan to sue could bring the dispute into public legal proceedings.
Habba is reportedly planning legal action over the firing, and she has declined to comment on it. Her contract value and payments already made are reported, but no court filing or ruling is cited in the extraction.
The players
Alina Habba
Alina Habba is a New Jersey lawyer who now goes by Alina Habba Mildon and previously served in a high-profile federal prosecutorial role.
Concord Partners
Concord Partners is a Florida company founded by the daughter of billionaire banker Julio Herrera Velutini.
Julio Herrera Velutini
Julio Herrera Velutini is a billionaire banker whose pardon by President Trump followed shortly after Habba joined the firm founded by his daughter.
The details
Habba joined Concord Partners as general counsel in January, weeks before President Trump pardoned Julio Herrera Velutini, the billionaire banker whose daughter founded the firm. Concord Partners fired her through a November 4 letter citing failure to perform duties, and she will keep the $6.5 million already paid along with her $8 million signing bonus. Habba previously denied playing any role in Herrera's pardon.
Timeline
January: Habba joins Concord Partners as general counsel.
Weeks after January: Trump pardons Julio Herrera Velutini.
November 4: Concord Partners sends the firing letter to Habba.
November 10: Reports of the firing spread and public reaction begins.
Legal Context
The firing follows a pattern of public scrutiny over presidential pardons granted to financiers whose associates later took positions with their companies. Habba's reported lawsuit would test how employment disputes at such firms are resolved in the courts.
Employment disputes at financial firms can affect how executive pay and termination terms are structured for future hires. Readers following the case can track any legal filing Habba makes in the coming weeks.
The takeaway
Executive employment contracts with large guaranteed sums can still be contested when a firm alleges a failure to perform. Watch for any court filing that clarifies the stated grounds for the dismissal.
Further reading
For related coverage, see Financial Crime reporting.
Source note: This article includes information reported by Raw Story.
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