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Technology,
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Sep. 9, 2021

Holmes portrayed as idealistic visionary or liar in trial opening

The wide-ranging opening statement by Williams & Connolly LLP partner Lance A. Wade also blamed the co-defendant in the case, Ramesh “Sunny” Balwani, as well as the hedge fund managers and investors who he said knew they were making a risky investment.

Holmes portrayed as idealistic visionary or liar in trial opening
Elizabeth Holmes, the founder of the blood testing start-up Theranos, and her husband, Billy Evans, depart a federal courthouse in San Jose, Calif., after the first day of Holmes's trial on Sept. 8, 2021. (New York Times News Service)

SAN JOSE -- A defense attorney representing former Theranos founder Elizabeth A. Holmes portrayed her Wednesday as an idealistic visionary who believed in her blood testing technology and whose mistakes do not make her a criminal.

The wide-ranging opening statement by Williams & Connolly LLP partner Lance A. Wade also blamed the co-defendant in the case, Ramesh "Sunny" Balwani, as well as the hedge fund managers and investors who he sai...

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