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What this article (but not others) fails to mention is that these lawyers are some of the best-paid in Silicon Valley: Cooley LLP. I know an acquisition where C

What this article (but not others) fails to mention is that these lawyers are some of the best-paid in Silicon Valley: Cooley LLP. I know an acquisition where Cooley walked away with more than any employee. Cooley isn’t going to be missing much. I’m surprised Cooley would even take her as a client given the criminal case and her net worth versus the liabilities. I would have thought they’re dump her years ago. “Lawyers getting stiffed” is a pretty biased headline. “Vultures discover empty carcass is actually empty” is more accurate.

bananaeater 7y ago
According to the book Bad Blood about the Theranos debacle (great book), Holmes had Cooley LLP on to deals with the book's author (John Carreyrou) as well as whistleblowers. I guess they had decided to stick around up until now.
Thorrez 7y ago
> Theranos had been paying the millions-a-month legal bills of Holmes and former company president Sunny Balwani, Vanity Fair reported, citing two former company executives. But a few months after Holmes and Balwani were charged with fraud, the company dissolved, handing all assets and intellectual property over to an investment firm and saying its remaining $5 million in cash would go to unsecured creditors. Lawyers may have received money in advance to represent Holmes before Theranos went belly up, David Ball, a Santa Clara University law professor, has told this news organization.
Fnoord 7y ago
David Boies [1] represented Microsoft in Microsoft vs. United States (USG won), SCO vs IBM (IBM won), he represented Harvey Weinstein, and he represented Virginia Roberts Giuffre vs Jeffrey Epstein (suspect committed suicide). He also took part in Bush vs Gore. He represented Oracle in Oracle vs Google (Google won), and he represented tobacco companies. I'm not sure if he's still part of Theranos legal team (in whatever way) but he surely was in the past. The point is, lawyers don't always end up standing on the right side of justice. They almost always end up getting on the paid side of the spectrum, though. Especially if they have a nice curriculum. [1] https://en.wikipedia.org/wiki/David_Boies https://en.wikipedia.org/wiki/David_Boies
- blaser-waffle 7y ago
  To paraphrase a lawyer friend of mine: "you don't represent the man, you don't represent the act, you represent the principle: everyone has a right to legal advice." That taking morally reprehensible clients often pay well is just icing on the cake.

bananaeater 7y ago

According to the book Bad Blood about the Theranos debacle (great book), Holmes had Cooley LLP on to deals with the book's author (John Carreyrou) as well as whistleblowers. I guess they had decided to stick around up until now.

Thorrez 7y ago

> Theranos had been paying the millions-a-month legal bills of Holmes and former company president Sunny Balwani, Vanity Fair reported, citing two former company executives. But a few months after Holmes and Balwani were charged with fraud, the company dissolved, handing all assets and intellectual property over to an investment firm and saying its remaining $5 million in cash would go to unsecured creditors. Lawyers may have received money in advance to represent Holmes before Theranos went belly up, David Ball, a Santa Clara University law professor, has told this news organization.

Fnoord 7y ago

David Boies [1] represented Microsoft in Microsoft vs. United States (USG won), SCO vs IBM (IBM won), he represented Harvey Weinstein, and he represented Virginia Roberts Giuffre vs Jeffrey Epstein (suspect committed suicide). He also took part in Bush vs Gore. He represented Oracle in Oracle vs Google (Google won), and he represented tobacco companies. I'm not sure if he's still part of Theranos legal team (in whatever way) but he surely was in the past. The point is, lawyers don't always end up standing on the right side of justice. They almost always end up getting on the paid side of the spectrum, though. Especially if they have a nice curriculum. [1] https://en.wikipedia.org/wiki/David_Boies https://en.wikipedia.org/wiki/David_Boies

blaser-waffle 7y ago
To paraphrase a lawyer friend of mine: "you don't represent the man, you don't represent the act, you represent the principle: everyone has a right to legal advice." That taking morally reprehensible clients often pay well is just icing on the cake.