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Elizabeth Holmes attorneys say she has not paid them in a year



Attorneys for Elizabeth Holmes, the disgraced founder of Theranos, beg to defend her in a class action lawsuit fraud, claiming she has not paid them in over a year.

Attorneys Stephen Neal, John Dwyer and Jeffrey Lombard – all of the Palo Alto-based law firm Cooley – pleaded earlier this week to withdraw from defending Holmes in the federal court case in Arizona.

“Given Holmes current financial situation, Cooley has no expectation that Ms. Holmes will ever pay it for her services as her advisor, ”the lawyers wrote in a Monday. "Thus, it is unfair and unreasonable to demand that Cooley continue to represent Holmes."

Holmes's attorneys, who did not immediately respond to requests for comment, reported in their motion that the case does not yet have a lawsuit. and no scheduled hearings.

It could not be determined how much Holmes ̵

1; a Silicon Valley wunderkind whose startup had once been valued at $ 9 billion – owes Cooley his legal services.

The Mercury News of San Jose, California, which first reported on the lawyers' motion, noted the case against Holmes also accusing his company and Walgreens, who had provided Therano's blood testing services in Arizona and Palo Alto, for fraud.

The nine original plaintiffs in the class action lawsuit are ex-Therano's clients, including a woman who claimed that Therano's inaccurate results had her testing positive for an autoimmune disease.

Theranos and Walgreens have both submitted proposals to remove themselves from the class ion.

Holmes and former Theranos president Sunny Balwani, separately, in a federal criminal case, are facing 11 counts of wire fraud and conspiracy to commit wire fraud.

The couple pleaded guilty to these charges and to allegations that Theranos '"MiniLab" system, which used a few drops of blood from a finger prick to perform a wide range of tests, threatened customers' health and life.

The criminal case is set for trial in July next year in the San Jose federal court.

Holmes, who founded Theranos after dropping out of Stanford University at 19, and former boyfriend Balwani, was found guilty, and each carries a maximum sentence of 20 years in prison and a $ 250,000 fine plus restitution, for each count of wire fraud and conspiracy, according to the U.S. Attorney's office.


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