Elizabeth Holmes leaves court Tuesday on last day of cross examination of the Theranos founder. Photo: Alaina Lancaster/ALM Theranos' Elizabeth Holmes Went Down With the Ship, Defense Says in Closing Argument of Fraud Trial
Williams & Connolly's Kevin Downey said during closing arguments Holmes gave up her Stanford education, her youth and her family time to build a technology she "believed would change the world." But the prosecution contends Holmes' refusal to fail ended up being her motive for fraud.
December 17, 2021 at 09:57 PM
5 minute read
Elizabeth Holmes' counsel has spent nearly four months providing a San Jose jury granular details about Theranos' blood-testing technology, but during the final day of closing arguments in the founder's fraud trial, her attorney said jurors don't need to know the definition of an "assay" or "CLIA lab" to acquit her of criminal charges.
"You know from your own experience how to evaluate intent," said Williams & Connolly's Kevin Downey on Friday, presenting a good-faith defense for his client. "At the first sign of trouble, crooks cash out, criminals cover up and rats flee a sinking ship."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
'Not the President's Personal Lawyer': Lawyers Share Concerns Over How AG Pick Bondi’s Loyalism to Trump May Impact DOJ
6 minute read
China Resident Sentenced to 2 Years for Stealing Tesla Trade Secrets
Ben Brafman Reflects on Nearly 50 Years as a Defense Attorney
Law Firms Mentioned
Trending Stories
- 1Crocs Accused of Padding Revenue With Channel-Stuffing HEYDUDE Shoes
- 2E-discovery Practitioners Are Racing to Adapt to Social Media’s Evolving Landscape
- 3The Law Firm Disrupted: For Office Policies, Big Law Has Its Ear to the Market, Not to Trump
- 4FTC Finalizes Child Online Privacy Rule Updates, But Ferguson Eyes Further Changes
- 5Chief Judge Joins Panel Exploring Causes for Public's Eroding Faith in NY Legal System
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
