Three lawyers from Cooley LLP, who represent the embattled Theranos founder in a lawsuit, want to abolish the case and write in court records filed on September 30 that Holmes has not paid them for more than a year.
"Given the current financial situation of Mrs. Holmes, Cooley has no expectation that Mrs. Holmes will ever pay her for her services as a lawyer," wrote Stephen Neal, John Dwyer, and Jeffrey Lombard in the file, which was first published by the Mercury News reports. "Therefore, it is unfair and unreasonable to require Cooley to continue to represent Mrs. Holmes in this action."
Holmes left Stanford University at the age of 19 in 2003 to found Theranos. The company Palo Alto promised to revolutionize health care by necessity Just a pinch of blood to perform hundreds of tests. At peak times, the company had a value of $ 9 billion and had a partnership with Walgreens.
The decline of the company began in 2015, when a Wall Street Journal study revealed that the machines did not provide accurate results. Last year, Theranos and Holmes were charged with fraud, which could result in imprisonment of up to 20 years. The demise of the once celebrated start-up and its CEO was captured in a documentary, a podcast and a bestselling book.
In the class action lawsuit filed with the US District Court in Phoenix, consumers are being accused of Holmes, Theranos and Walgreens claiming to be maintaining a "massive fraud". They accuse Theranos and Walgreens of medically abusing them by taking blood samples under "false accusations." Holmes, Theranos and Walgreens are not fighting the charges yet.
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