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Join the Securities Litigation and Enforcement Group on LinkedInElizabeth Holmes Transforming From CEO to Victim for Jurors
Jurors have not been told yet about the details of the defense Holmes’s lawyers will likely present that she was subject to a “decade-long campaign” of abuse by her former boyfriend and onetime president of Theranos, Ramesh “Sunny” Balwani. Balwani has denied any abuse. Still, jurors who will decide her case are “being exposed to […]
In Silicon Valley, Criminal Prosecutors See No Evil – The New York Times
But behind the spectacle is the reality that criminal prosecutions in Silicon Valley are a rarity. Even a guilty verdict against Ms. Holmes is unlikely to change that. Federal prosecutors in Northern California took on only 57 white-collar crime cases in the 2020 fiscal year, down from 94 in 2019, according to researchers. Although 2021 […]
Jury Selection Begins in Theranos Founder Elizabeth Holmes’s Trial – WSJ
Theranos Inc. founder Elizabeth Holmes heads to court Tuesday, as her legal team seeks to help assemble a group of impartial jurors to weigh the criminal-fraud charges filed against her, a task her lawyers say is challenging, given her case’s notoriety. Ms. Holmes’s legal team and prosecutors with the U.S. attorney’s office for the Northern […]
Madoff Victims Get Second Crack at Citigroup’s $343 Million – Bloomberg
Victims of Bernard Madoff will get another chance at recovering $343 million from Citigroup Inc. after a federal appeals court overturned a ruling dismissing a claim against the bank. The U.S. Court of Appeals in New York on Monday reinstated a suit against Citi by Irving Picard, the trustee charged with recovering money for Madoff’s […]
They Still Live in the Shadow of Theranos’s Elizabeth Holmes – The New York Times
As Ms. Holmes prepares to go to trial in federal court in San Jose, Calif., over allegations that she defrauded investors, doctors and patients — jury selection is scheduled for Aug. 31 — female founders said the ripple effects from the case could be felt anew. Many said they already had to prove that they […]
Linklaters hires Richard C. Smith, market-leading trial and white collar lawyer | Linklaters
Linklaters is pleased to announce that Richard C. Smith has joined the firm’s Washington, D.C. office as partner in the Dispute Resolution practice. Richard focuses on complex litigation, white collar criminal defense, and U.S.-centric and transnational corporate internal investigations for public and private companies. He has extensive experience representing corporations and their employees in grand […]
Nikola founder criminal charges puts other SPACs on notice
“This case is about the obligation of corporate officers like Milton to provide complete, truthful and accurate information at all times when discussing their company’s affairs,” Securities and Exchange Commission enforcement director Gurbir Grewal told reporters. “There is no end around or exception to this obligation. It applies to all public companies, even those that […]
Trevor Milton: Grand jury indicts Nikola founder on three counts of fraud
Trevor Milton, founder of EV start-up Nikola, was indicted on three counts of criminal fraud by a federal grand jury for allegedly lying about “nearly all aspects of the business,” according to the indictment, which was unsealed Thursday. The U.S. Attorney’s Office in Manhattan accused the billionaire, who resigned as chairman in September, with two […]
Elizabeth Holmes’ lawyers cite negative coverage in request to expand jury selection
A 21-page motion filed late Thursday spelled out example after example of highly descriptive and unflattering stories in the past several years about Holmes. “The publicity is pervasively negative,” lawyers for Holmes said. Adding she is, “routinely referred to in derisive and inflammatory terms that are directly relevant to the wire fraud charges in this […]
Elizabeth Holmes’ lavish lifestyle looms over Theranos fraud case
Elizabeth Holmes’ jet-setting, lavish lifestyle as CEO of Theranos took center stage on Thursday as her attorneys argued it was irrelevant to her criminal fraud case. “What she wore, where she stayed, how she flew and what she ate has nothing to do with this trial,” said Holmes’ attorney Kevin Downey, adding that its “inflammatory […]