June 26, 2018 - Posts

Whistleblowers Celebrated in “Bad Blood: Secrets and Lies in a Silicon Valley Startup”

A corrupt Silicon Valley startup brought down by two of our favorite things: whistleblowers and investigative journalism.


Last month Knopf released “Bad Blood: Secrets and Lies in a Silicon Valley Startup,” by Wall Street Journal reporter John Carreyrou. It’s a riveting read detailing the rise and fall of Theranos Inc. and its purportedly charismatic but clearly troubled founder, Elizabeth Holmes.


Carreyrou’s book comes after his 2015 front page piece questioning whether Theranos’ blood testing machines could actually perform the basic tests as claimed and whether the company had misled the public and its investors.  At the time, Walgreens had begun using Theranos to perform blood tests, but the results were often flawed which had the potential for disastrous medical outcomes. Regulators now claim that Theranos’ faulty tests put patients in “immediate jeopardy.” The book details how a small group of whistleblowers, acting largely independently of one another, withstood incredible pressure and bullying tactics from the company and its lawyers, to pull the curtain back and expose the massive fraud.


Just last week, Ms. Holmes was indicted by federal prosecutors in San Francisco for her role in misleading investors and regulators. The story is not yet over.


We highly recommend “Bad Blood” and you can read a detailed review of it on the New York Times’ website.


To learn more about our Whistleblower & Qui Tam practice click here.  Our firm is located in Nashville, Tennessee but we represent whistleblowers all around the country.

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