Theranos founder accused of bilking her civil case lawyers


The founder of scandalized blood-testing startup Theranos is now being accused of skipping out on bills owed to the lawyers defending her against fraud charges in a civil lawsuit Elizabeth Holmes, 35, who ran Theranos until its 2018 collapse, hasn’t paid her Palo Alto, California, attorney John Dwyer and his colleagues at Cooley LLP for the past year, according to documents filed Monday in federal court in Phoenix, Arizona  The lawyers want to quit the case because they don’t ever expect to be paid. The documents cited Holmes ‘current financial situation’ without elaborating   Lawyers who have been defending Elizabeth Holmes (pictured in 2015), the founder of Theranos, from fraud charges in a civil lawsuit say she hasn’t paid them for a year (Left to right) Lawyers John Dwyer, Stephen Neal and Jeffrey Lombard said in court documents that they don’t expect Holmes will ever pay her bills and are asking to be able to quit her case’Given Ms Holmes’s current financial situation, Cooley has no expectation that Ms. Holmes will ever pay it for its services as her counsel,’ her lawyers, Dwyer, Stephen Neal and Jeffrey Lombard wrote in the motion, according to the New York Post  ‘Thus, it is unfair and unreasonable to require Cooley to continue representing Ms Holmes.’Dwyer didn’t immediately respond to a request for comment Friday. A message left for Holmes’ attorney in a separate criminal case in San Jose, California, wasn’t immediately returned   It’s unclear how much money Holmes currently owes her lawyers.Holmes, a former Stanford University student, started Theranos in Palo Alto on the promise it had developed a way to perform complex blood analysis with a finger prick Federal authorities asserted that Theranos’ technology didn’t work as advertised, duping both the company’s investors and customers    The lawyers said that Holmes’ (in 2015) ‘current financial situation’ gave them little hope that they’d ever be paid for their services It’s unclear how much she owes them Holmes (in 2019) pleaded not guilty to criminal charges of conspiracy and fraud in a case due to go to trial in August 2020 No trial date hasn’t been set for the civil lawsuit against her Holmes and former Theranos president Ramesh ‘Sunny’ Balwani (left) face 11 counts of wire fraud and conspiracy to commit wire fraud Holmes is believed to have married Billy Evans, 27 (right with Holmes), whose grandparents founded the Evans Hotel Group, over the summer RELATED ARTICLES Previous 1 Next PayPal QUITS group backing Facebook’s Libra cryptocurrency Think the iPhone 11 is too pricey? Hold off until next year:. Share this article Share She has pleaded not guilty to the criminal charges of conspiracy and fraud in a case that is scheduled to go to trial in August 2020 in San Jose, California  Holmes and her ex-boyfriend and former Theranos president Ramesh ‘Sunny’ Balwani face 11 counts of wire fraud and conspiracy to commit wire fraud If convicted, the pair could each face a maximum of 20 years in prison, as well as a $250,000 fine for each wire fraud and conspiracy count   A trial date hasn’t been set for the civil lawsuit filed against Holmes, Theranos and Walgreens, which offered Theranos’ blood-testing technology in Arizona and California The lawsuit was filed on behalf of consumers who paid for Theranos’ blood testing service  In June, it was reported that Holmes was believed to have married Billy Evans, 27, in a private ceremony Evans’ grandparents, William and Anne Evans, started the Evans Hotel Group in 1953 It now owns three major West Coast resort properties: The Catamaran, the Baha and The Lodge at Torrey Pines  

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