Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Billion-Dollar-Baby Broke: Theranos Founder Holmes Unable To Pay Lawyers

Courtesy of ZeroHedge View original post here.

It is hard not to gloat in a sea of schadenfreude soup as reports of the once golden-girl of Silicon Valley, now exposed (allegedly) as a complete fraud (allegedly), has hit such a low that she is now unable to pay her attorneys.

Just two years after being heralded by any and all mainstream media-ites as the next Steve Jobs, Theranos founder Elizabeth Holmes now reportedly faces a civil case from her lawyers who claim she hasn’t paid them for more than a year and probably never will, according to court records, and they don’t want to be her lawyers anymore.

“Ms. Holmes has not paid Cooley for any of its work as her counsel of record in this action for more than a year,” lawyers Stephen Neal, John Dwyer and Jeffrey Lombard said in the filing.

“Further, given Ms. Holmes’s current financial situation, Cooley has no expectation that Ms. Holmes will ever pay it for its services as her counsel.”

As The Mercury News reports, the lawyers are seeking approval from the court to stop representing Holmes.

“It is unfair and unreasonable to require Cooley to continue representing Ms. Holmes in this action,” said the filing.

As a reminder, The FBI has alleged that Holmes and Balwani endangered health and lives through their fraudulent blood-testing, with a trial date set for July 28 next year.

Billion-Dollar baby no more.


 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!