Theranos – The Untold Story
The Theranos story has been highly mediatized. Less known is what happened in the last 2 years of the company’s life. A new Board and leadership team tried to turn around the company and give a second chance to its flagship product in a cash constrained race to secure FDA approval. Key themes will include litigations and settlements, use of intellectual property as a collateral for venture debt, how to rebuilt a finance function in a company that operated without a CFO while raising more than $900m dollars, how to find an auditor for a company under DOJ and SEC instructions and get financial statements audited for the 1st time in 10 years, how to choose out of court vs court liquidation, and lessons learned.
David Taylor is the founder of Taylor Strategic PC, a risk and crisis management law firm. He served from 2016-2018 as General Counsel (and ultimately CEO) of Theranos, Inc. Hired to address the tech company’s high-profile crisis, he led a turnaround team that worked to standardize corporate governance, repair investor relations, resolve enterprise-threatening litigation and investigations and secure a $100M financing. He spent ten prior years litigating and negotiating complex civil and criminal matters at Munger, Tolles & Olson LLP, the Public Defender Service for the District of Columbia and Williams & Connolly LLP. He is a graduate of Williams College and the University of California, Berkeley School of Law.
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6:30 Dinner and Speaker
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One and a half (1.5) CPE credits available. Field of Study: TBD
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