How quickly the tables can turn...
Disgraced former Theranos CEO Elizabeth Holmes literally phoned in her defense in an Arizona fraud lawsuit after her civil lawyers quit due to non-payment.
Holmes still maintains a team of "high caliber" attorneys for her criminal case in San Jose federal court, according to Bloomberg. But in the concurrent civil suit taking place in Phoenix, Holmes was forced to dial into an audio feed without a lawyer on Thursday, telling the judge she wouldn't make any arguments.
The hearing, which ended without a decision, was to try and determine whether or not the case should advance as a class action. The judge asked Holmes at the beginning of the hearing if she wanted to make any arguments and Holmes said she was relying on the arguments made by attorneys for her co-defendants.
The lawyers representing her in Arizona quit back in September, claiming Holmes hasn't paid them. As Bloomberg notes, "it’s highly unusual for a defendant of Holmes’s stature in such a suit to not be represented by an attorney, prompting some speculation on her financial situation."
After Theranos collapsed, Holmes agreed to a $500,000 fine to resolve a civil securities fraud case and also settled an investor suit for an undisclosed sum. On top of that, she had to shell out for legal fees.
http://www.zerohedge.com/health/elizabeth-holmes-too-broke-pay-her-lawyers-phones-her-defense-fraud-lawsuit?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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