Skip to main content
Premium Trial:

Request an Annual Quote

Not for a While

Elizabeth Holmes, the former CEO of Theranos, hasn't paid the lawyers representing her in a civil suit, the Mercury News reports.

Theranos at one point was valued at $9 billion, but a series of articles in the Wall Street Journal found that it was not using its own technology as claimed and inspections by the CMS uncovered serious flaws in its lab operations, which eventually led the company to close its labs and itself to shutter. Holmes, herself, was barred by CMS from owning or operating a clinical lab and is facing both civil and criminal suits.

The Mercury News reports that three attorneys from the firm Cooley LLP who are representing Holmes in a civil case say in a court filing that she hasn't paid them in more than a year and likely won't ever. It adds that they are seeking court approval to no long act as her representation. "Ms. Holmes has not paid Cooley for any of its work as her counsel of record in this action for more than a year," the lawyers Stephen Neal, John Dwyer, and Jeffrey Lombard wrote in the filing according to the Mercury News. "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."