UndiscoveredTruth
Well-Known Member
- Joined
- Jan 19, 2014
- Messages
- 4,506
- Reaction score
- 21,006
Dorothy Atkins@doratki
37m
We're back! Wade asks Peterson if she did an "exhausted due diligence in the investment." Peterson said they did all the diligence that they would do at the time. He asks what she means. She says she think the DeVos fam investment firm did "appropriate" due diligence of Theranos.
Dorothy Atkins@doratki
33m
Holmes' counsel Lance Wade asks Peterson if she read Theranos' press release announcing the Walgreens deal in Sept 2013, which mentions Theranos uses "traditional methods" of blood draw as well as fingerstick, in her due diligence. She says she never read the press release.
Dorothy Atkins@doratki
26m
Petereson says she didn't read Theranos' website, which Holmes counsel says mentioned the venous draws. Peterson seems annoyed. She repeatedly says they relied on what they were told and "we went on site for five hours" and "that was a lot of due diligence."
Dorothy Atkins@doratki
20m
Peterson acknowledges that the DeVos family investment firm never hired regulatory experts, counsel, or medical experts in the due diligence process, b/c "we didn't think we needed it." She keeps interrupting Holmes attorney Lance Wade's questions and talking over him.
Dorothy Atkins@doratki
13m
Lance Wade asks Peterson if details in her Theranos memo to the DeVos family investment committee came from a Fortune Magazine article. She says she doesn't remember, but she admits she might have taken some info from the Fortune Mag. "Much of it was in [Theranos'] binder."
Dorothy Atkins@doratki
6m
Wade is picking apart Peterson's Theranos memo and asking her where she got the information in it. She keeps saying she got the info "off the internet" w/o more details (which doesn't inspire much confidence tbh).
Dorothy Atkins@doratki
12m
Peterson concedes that it's common in due diligence to review IP portfolios and a company's contracts w/ its partners, but she says she and the DeVos family didn't do that.
Dorothy Atkins@doratki
6m
Peterson repeatedly has said during cross that the meeting in Palo Alto was apart of Theranos' due diligence, but Wade impeaches her w/ her prior deposition when she said she didn't consider the Palo Alto trip due diligence.
Dorothy Atkins@doratki
5m
With some of the testimony today, it's kind of surprising that Peterson manages wealth as her job. At one point she didn't seem to know what a unicorn is. Overheard in the courtroom: “I wouldn’t let this woman run a car wash for me.”
Dorothy Atkins@doratki
30s
Holmes' counsel points to an Oct 2014 email that Peterson wrote stating her boss Jerry "committed on the spot $100M with Doug and Cheri in complete agreement." (This is to counter her testimony on direct that the DeVos firm doubled their investment to $100M after due diligence.)
37m
We're back! Wade asks Peterson if she did an "exhausted due diligence in the investment." Peterson said they did all the diligence that they would do at the time. He asks what she means. She says she think the DeVos fam investment firm did "appropriate" due diligence of Theranos.
Dorothy Atkins@doratki
33m
Holmes' counsel Lance Wade asks Peterson if she read Theranos' press release announcing the Walgreens deal in Sept 2013, which mentions Theranos uses "traditional methods" of blood draw as well as fingerstick, in her due diligence. She says she never read the press release.
Dorothy Atkins@doratki
26m
Petereson says she didn't read Theranos' website, which Holmes counsel says mentioned the venous draws. Peterson seems annoyed. She repeatedly says they relied on what they were told and "we went on site for five hours" and "that was a lot of due diligence."
Dorothy Atkins@doratki
20m
Peterson acknowledges that the DeVos family investment firm never hired regulatory experts, counsel, or medical experts in the due diligence process, b/c "we didn't think we needed it." She keeps interrupting Holmes attorney Lance Wade's questions and talking over him.
Dorothy Atkins@doratki
13m
Lance Wade asks Peterson if details in her Theranos memo to the DeVos family investment committee came from a Fortune Magazine article. She says she doesn't remember, but she admits she might have taken some info from the Fortune Mag. "Much of it was in [Theranos'] binder."
Dorothy Atkins@doratki
6m
Wade is picking apart Peterson's Theranos memo and asking her where she got the information in it. She keeps saying she got the info "off the internet" w/o more details (which doesn't inspire much confidence tbh).
Dorothy Atkins@doratki
12m
Peterson concedes that it's common in due diligence to review IP portfolios and a company's contracts w/ its partners, but she says she and the DeVos family didn't do that.
Dorothy Atkins@doratki
6m
Peterson repeatedly has said during cross that the meeting in Palo Alto was apart of Theranos' due diligence, but Wade impeaches her w/ her prior deposition when she said she didn't consider the Palo Alto trip due diligence.
Dorothy Atkins@doratki
5m
With some of the testimony today, it's kind of surprising that Peterson manages wealth as her job. At one point she didn't seem to know what a unicorn is. Overheard in the courtroom: “I wouldn’t let this woman run a car wash for me.”
Dorothy Atkins@doratki
30s
Holmes' counsel points to an Oct 2014 email that Peterson wrote stating her boss Jerry "committed on the spot $100M with Doug and Cheri in complete agreement." (This is to counter her testimony on direct that the DeVos firm doubled their investment to $100M after due diligence.)