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In Theranos Trial Elizabeth Holmes Takes The Stand As Rittenhouse But Not Parnas Did As Maxwell Looms

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Nov 19 –  The Elizabeth Holmes / Theranos trial has much to recommend it - including on November 19 the defendant taking the stand. There was Mad Dog Mattis spinning, and many podcasts covering it weekly. But what now?

 It is reminiscent of trials in the U.S. District Court for the Southern District of New York, such as the US v. Neil Cole trial, recently concluded in a mistrial, where jurors struggled to stay awake as email after spread sheet were posted on their screens. Lev Parnas did not testify, and was convicted, unlike Kyle Rittenhouse who did testify and cry.

So is there any chance at all that Ghislaine Maxwell might testify?

Here's from what Holmes said on November 19: "I started with talking to my parents and they let me take the money they saved for me to go to college. Then I went to go borrow money... Don Lucas was one of the early VCs in Silicon Valley. I knew him as someone who focused on building great companies in the long term. I was introduced to him by someone who had gone to college with my dad. He had a lot of questions. He began a very comprehensive diligence process. He hired a law firm to review our patents. He asked us to get an audit of our financials. He wanted copies of our contracts... I had the opportunity to hire some of the people I was working for and with at Stanford... We worked for years with teams of scientists and engineers to miniaturize all of the technologies in the laboratory." Can't wait for the cross.

   While SDNY heats up for "Maximum Maxwell" - the trial of Ghislaine Maxwell on sex trafficking charges - lawyer David Boies got into the mix, representing victims on conference calls about if not with Prince Andrew. Previously, he'd been name checked but not cross examined in the case against Michael Avenatti, representing Nike.

 But promoting Theranos' dubious technology and stock, and threatening those who investigated it, is a differently look. On November 3 in the Elizabeth Holmes trial, a previously Cravath Swaine & Moore LLP partner has testified that he invested $6 million into the company after Boies assured him the technology was "absolutely sound and performing well." What, with third party Siemens machines secretly used? West meets East.

 On September 30 journalist John Carreyrou of the WSJ filed a motion trying to get off Holmes' witness list, or for an exemption so he can nevertheless enter the courtroom. Alongside those legal issues, there's this from the motion returnable October 18: 

"The Supreme Court has long recognized that the press and public enjoy a First Amendment  “right of access to criminal trials.” Globe Newspaper Co., 457 U.S. at 604-05 (emphasis removed).  Steeped in Anglo-American jurisprudence is the principle that “throughout its evolution, the trial  has been open to all who cared to observe,” as criminal trials are “presumptively open.” Richmond  Newspapers, Inc. v. Virginia, 448 U.S. 555, 564, 575 (1980). Indeed, a trial courtroom is “a public  place where the people generally – and representatives of the media – have a right to be present.”  Id. at 578. 8 Carreyrou does not suggest that the Court has entirely shut down or closed the trial in this  action. Far from it; the Court has made efforts to ensure general access. But, unless he is  exempted, Carreyrou will be the only member of the news media especially barred from attending  the trial and reporting firsthand on its proceedings."   

For Inner City Press, the only media banned from the United Nations and for 1319 days now, it also stands in contrast to the recent R.Kelly trial in EDNY in Brooklyn, where ALL media and public were banned from the courtroom, which (as Judge Davila has for some reason done in US v. Holmes) no listen-only call in line.

 The sudden lack of call-in lines is being repeated in US v. Maxwell; Inner City Press questioned and opposed it in an October 29 filing that has yet, as of November 3, to be docketed.

  New coverage of the Holmes trial, for example by The Dropout, belatedly details Juror 5 being bounced for playing Sudoku during testimony.

  The trial coverage can also again be compared, at SDNY, with the lower profile fraud trial of Neil Cole of Iconix for inflating earnings and selling $28 million of stock (Inner City Press song here), and Lev Parnas (song here, and sidearm threat podcast, and Substack on racist video-gate).  It deserves it own song, like this one (October 31) on Maxwell to the Max:


Carreyrou is back, on Theranos' use of Siemens machines. We'll have more on these issues.

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