Carrie Cohen, James Koukios, Christine Wong, Sophie Cash, and Rachael Hanna authored an article for the Harvard Law School Forum on Corporate Governance discussing the impact of Elizabeth Holmes’ guilty verdict following fourteen weeks uncovering the "questionable business practices and investment solicitation" of the founder and former CEO of now-defunct Theranos Inc.
"As the allegations against Holmes played out at trial, Holmes’ defense team claimed that 'failure is not a crime.' However, this case demonstrates that the optimistic bluffing that is tolerated, expected, and even encouraged within startup culture can cross the line into prosecutable fraud,” the authors share.
Read the full article.