There are a lot of directions in which to point fingers. Regulators have proposed banning Holmes from her company for two years. Theranos is under federal investigation by the S.E.C. The Centers for Medicare and Medicaid Services found serious deficiencies in the company’s Newark, California, lab. In the months since, the plot has only thickened for Theranos. In fact, as Carreyrou reported, the company was hawking a tale that was too good to be true. Finally, in October, the Journal published its now-famous article suggesting that the Theranos narrative was all wrong-that the company’s technology was faulty, that it relied on other companies’ machinery to run many of its tests, and that some of those tests yielded inaccurate results. But one person close to the company said that Boies had been dispatched because Theranos executives had learned that the Journal possessed sensitive internal documents.)įor four months after that meeting, Carreyrou continued to try to secure an interview with Holmes, and for four months he was continuously threatened. (A spokesperson for both Boies and Theranos declined to comment. After a very tense five hours, the person told me that Boies and his platoon exited the newsroom, leaving behind the very serious specter of a lawsuit. The legal team roared, they showed teeth, they tried to intimidate. Then they hit record.Īlmost immediately, one person present told me, Boies and his team threatened legal action against the paper, accusing it of being in possession of “proprietary information” and “trade secrets.” The Theranos legal team then did their best to discredit dozens of independent sources whom Carreyrou had interviewed. Before anything was said, the lawyers placed two audio recorders at either end of the long oval wood table, and recalcitrantly sat across from Carreyrou, his editor, and a Journal lawyer. Four other attorneys and a Theranos representative accompanied him. government, and represented Al Gore in the 2000 Florida recount case. The pack confidently sauntered past editors and reporters in the fifth-floor newsroom and was led by David Boies, the superstar lawyer who has taken on Bill Gates, the U.S. team, Carreyrou told me an entourage of lawyers arrived at the Journal’s Midtown Manhattan offices at one P.M. Yet in April of 2015, when John Carreyrou, an investigative reporter with The Wall Street Journal, reached out for an interview with Holmes, he said he got a very different response.Īfter two months of being stonewalled by the Theranos P.R. She sat across from tech bloggers, reporters, and TV cameras who slurped up her delectable story-that she had come up with Theranos, her blood-testing company, as a Stanford freshman who was fearful of needles-and they largely regurgitated it, sometimes beat for beat. She bounced between TV networks like a politician giving a stump speech. team generally responded with two questions: What time and where? Holmes was a star. Over the past few years, when media outlets reached out to Theranos about whether its wunderkind founder, Elizabeth Holmes, would have time to sit for an interview, her P.R.
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