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personpersonKevin M. DowneyKevin M. DowneyAttorney on Elizabeth Holmes's federal criminal defense team.← All People
DefenseDefense team (Elizabeth Holmes)

Kevin M. Downey

Attorney on Elizabeth Holmes's federal criminal defense team.

9,538 lines·139 proceedings

About

Kevin M. Downey defended Elizabeth Holmes from jury selection through deliberations. During voir dire, he questioned prospective jurors about publicity, preexisting opinions, the presumption of innocence and whether a defendant had to present evidence, comprehension, and hardship, and he later participated in disputes over juror service and access to juror-related proceedings.

Downey's cross-examinations tested how witnesses formed and retained their views of Theranos. With commercial partners Steven Burd, Wade Miquelon, and Nimesh Jhaveri, he developed their diligence, contractual safeguards, conditional rollout plans, startup risks, and favorable experiences, while the witnesses maintained that important capabilities or limitations had not been disclosed. His questioning of James Mattis and Daniel Edlin narrowed their technical knowledge and distinguished proposed military evaluations, demonstrations, and external communications from clinical deployment; Edlin nevertheless maintained that his knowledge was limited and described selective reporting and concealed demonstration errors.

With investor witnesses John Bryan Tolbert, Christopher Lucas, and Alan Eisenman, Downey used emails, agreements, prior testimony, risk warnings, and information-rights provisions to challenge recollection, reliance, and the extent of preinvestment diligence. Those witnesses acknowledged varying limits in their contacts, follow-up, or contractual access while continuing to attribute importance to statements from Holmes or Theranos. Downey also sought evidentiary limits, including exclusion of Safeway's renovation-cost figure. The court excluded the exact total while permitting evidence about substantial store changes and rollout preparations.

Downey conducted Holmes's direct and redirect examination across Theranos's origins, technology development, partner relationships, laboratory oversight, military projects, financial projections, regulatory history, and her relationship with Ramesh Balwani. His questions developed her account that scientific, laboratory, and regulatory input informed her beliefs, that trade-secret advice affected disclosure of modified commercial analyzers, and that she lacked fraudulent intent, while her testimony also included acknowledgments concerning pharmaceutical logos, operational problems, and her ultimate authority.

In closing, Downey argued that technology setbacks, investor losses, and laboratory problems did not themselves establish fraudulent intent. He emphasized good faith, development work, risk disclosures, partner diligence, Holmes's asserted reliance on technical and laboratory personnel, and the government's burden to prove guilt beyond a reasonable doubt. When the jury later reported an impasse on three counts, he objected that a modified Allen charge risked coercion; the court overruled the objection and delivered the charge with renewed instructions on the presumption of innocence and reasonable doubt.

Trial Record (139)

FederalFederal Criminal TrialAug 31, 2021 – Jan 3, 2022

Kevin M. Downey conducted cross-examinations of commercial partners, investors, and Theranos personnel, led substantial portions of Elizabeth Holmes's direct and redirect testimony, and presented defense closing arguments centered on good faith, intent, and reasonable doubt. His questioning tested witnesses' diligence, reliance, technical knowledge, and recollection while preserving evidentiary and deliberation-stage objections for the court's rulings.

Jury Selection Day 1

Voir DirePanel One Voir Dire Resumes23lines spoken

Summary

The court examined Panel One's media exposure and impartiality, excused two prospective jurors who doubted they could remain unbiased and two for financial hardship, and continued screening for sensitive experiences and acceptance of core criminal-trial principles.

Voir DireDefense Voir Dire of Panel One155lines spoken

Summary

Defense voir dire examined prospective jurors' media exposure, preexisting views, understanding of the government's burden and the defense's lack of an obligation to present evidence, language comprehension, and personal hardships. Several jurors candidly disclosed biases or negative impressions, while others said they could remain fair or follow the court's instructions.

Jury Selection Day 2

Jury Selection Day 3

Day 4

Day 5

Day 6

ProceduralJuror No. 12 Disclosure Inquiry6lines spoken

Summary

Juror No. 12 denied receiving case information from an indirect media contact or through KPMG connections and affirmed impartiality after the court clarified that the jury would not consider sentencing or punishment.

Day 10

Day 12

Day 15

Day 16

ProceduralSafeway Renovation-Expense Evidence Hearing1highlight13lines spoken

Summary

Defense counsel sought to exclude proposed testimony about Safeway's store-renovation spending, while prosecutors argued that the spending showed materiality; the court explored omitting the exact figure but did not rule in this excerpt. The court also prepared to question a juror concerned about continued service and confirmed that Alternate Juror 3 could remain.

Highlights (1)

Quoteβ€œWE ALL AGREE IT'S NOT THE PROPERTY THAT'S AT ISSUE. THEY SAY THAT IT'S A DEMONSTRATION OF MATERIALITY. THEY CAN ELICIT THAT SAFEWAY BEGAN TO BUILD FACILITIES WITHOUT GETTING INTO NUMBERS AND DETAILS ABOUT THAT.”— Kevin M. DowneyDefense counsel distinguished the renovation spending from the property allegedly obtained through wire fraud and proposed allowing general build-out testimony without the figures and details.Open in transcript →

Day 17

Day 18

Day 19

Day 20

ProceduralExhibit 1496 Admissibility Hearing9lines spoken

Summary

The defense challenged Exhibit 1496, an email reporting comments from a military meeting, while the prosecution argued it bore on Holmes's knowledge and state of mind; the court left admissibility unresolved pending context and foundation.

Day 21

Day 22

Day 23

ProceduralEvidentiary Conference on Tolbert Exhibits9lines spoken

Summary

Judge Davila ordered the admission process for Exhibit 5387-D repeated before the jury and heard competing arguments over Tolbert-related notes and a 2016 shareholder communication, leaving their disputed uses unresolved pending testimony and cross-examination.

Day 24

Day 25

Day 26

Day 28

Day 31

Day 32

CrossAlan Eisenman β€” CrossAlan EisenmanKevin M. Downey368lines spoken

Summary

Defense counsel used investor emails, prior statements, and Eisenman's communications with prosecutors during his ongoing testimony to challenge his recollection and credibility. Eisenman maintained that Theranos withheld information and that Balwani encouraged his 2013 investment, while acknowledging limits on his information rights and an email to the prosecution after a no-contact instruction.

CrossAlan Eisenman β€” Cross (Resumed)Alan EisenmanKevin M. Downey209lines spoken

Summary

Defense counsel confronted Alan Eisenman with written risk warnings, investment agreements, possible share-sale opportunities, and his contacts with the prosecution. Eisenman acknowledged the documents and market inquiries but maintained that the warnings conflicted with earlier representations, that proposed company offers were not completed, and that he lacked adequate financial information to decide whether to sell.

Day 33

Day 36

ProceduralRule 29 Motion and Evidentiary Record Matters12lines spoken

Summary

The defense renewed challenges to the CMS report, Erin Tompkins's HIV-result evidence, and evidence affected by the unavailable LIS database. Holmes also made a Rule 29 motion, which the court took under submission, and the court limited the defense's patent summary to applications filed through 2016 before the defense called Trent Middleton.

Day 37

ProceduralRule 16 Disclosure Dispute4lines spoken

Summary

The parties disputed the timing of six defense exhibit disclosures, with no exclusion motion or corrective ruling, before the court warned attendees that keyboard noise was distracting the jury.

Day 38

DirectElizabeth A. Holmes β€” DirectElizabeth A. HolmesKevin M. Downey1,393lines spoken

Summary

Holmes described Theranos's 4 Series development, Walgreens and Safeway partnerships, clinical validation, FDA disclosures, marketing, investor communications, and financial projections. She admitted adding pharmaceutical logos to Theranos reports and regretted how that was handled, while attributing limited disclosure of modified commercial analyzers to trade-secret advice.

Day 39

Day 40

CrossElizabeth A. Holmes β€” CrossElizabeth A. HolmesRobert S. Leach18lines spoken

Summary

Holmes's cross-examination covered Theranos's response to critical reporting and whistleblowers, her control of the company, limits on Theranos devices, and Balwani's influence. She acknowledged major mistakes in the Wall Street Journal response, extensive reliance on commercial equipment, and problems with pharmaceutical-branded reports while disputing retaliation and several prosecutorial characterizations.

Day 41

Day 42

CrossElizabeth A. Holmes β€” CrossElizabeth A. HolmesRobert S. Leach23lines spoken

Summary

Holmes acknowledged that Theranos devices were not clinically deployed with the military, that the company used third-party analyzers, and that key disclosures to investors, Walgreens, and Roger Parloff omitted or misstated aspects of actual laboratory operations. The prosecution also confronted her with divergent revenue projections, laboratory warnings, prototype limitations, special investor-visit workflows, and her knowledge of the troubled 2015 CMS inspection.

RedirectElizabeth A. Holmes β€” RedirectElizabeth A. HolmesKevin M. Downey369lines spoken

Summary

Holmes used redirect to explain Theranos's laboratory oversight, modified analyzers, financial projections, partner reports, trade-secret restrictions, and responses to Tyler Shultz. She attributed operational and technical work to others while acknowledging authority over investor presentations and explaining nondisclosure of modified systems as trade-secret protection.

Day 43

ProceduralExhibit Admissibility Proceedings33lines spoken

Summary

The court admitted limited portions of two defense exhibits solely for Holmes's state of mind, kept the remaining customer-feedback material out, and then marked the close of evidence after the defense rested and the government declined rebuttal.

ProceduralRenewed Rule 29 Motion Hearing7lines spoken

Summary

Holmes renewed her Rule 29 motion, which remained preserved and reserved. The court set the jury-instruction schedule and accepted briefing on the government's proposed motion to strike portions of Holmes's testimony.

Day 44

Day 45

Day 46

ClosingClosing Argument by the DefenseKevin M. Downey1highlight28lines spoken

Summary

The defense argued that Holmes acted in good faith, relied on scientific and regulatory feedback, disclosed material aspects of Theranos's operations, and lacked the fraudulent intent required for conviction.

Highlights (1)

Quoteβ€œIF SOMEONE IS ACTING IN GOOD FAITH, YOU HAVE NO REASON TO FIND THEM GUILTY, EVEN IF THE OTHER ELEMENTS OF AN OFFENSE ARE FOUND.”— Kevin M. DowneyCounsel made good faith the principal bridge between the evidence and the requested not-guilty verdicts.Open in transcript →

Day 47

ClosingClosing Argument by the Defense β€” ContinuedKevin M. Downey1highlight24lines spoken

Summary

The defense argued that investor losses and laboratory problems did not establish fraudulent intent, relying on investor-risk disclosures, diligence, real but prospective military programs, financial context, and Holmes's asserted reliance on laboratory directors.

Highlights (1)

Quoteβ€œMS. HOLMES CERTAINLY DID NOT INTEND FOR PEOPLE TO LOSE MONEY. THAT'S A BAD EVENT AND A FAILURE ON HER PART.”— Kevin M. DowneyDefense counsel conceded the seriousness of investor losses while separating business failure from the charged intent to defraud.Open in transcript →
ClosingClosing Argument by the Defense β€” ResumedKevin M. Downey1highlight6lines spoken

Summary

The defense challenged the patient and Horizon counts, disputed the prosecution's motive theory, and urged acquittal based on reasonable doubt about Holmes's knowledge and intent.

Highlights (1)

Quoteβ€œTHERE WAS NO PRESENTATION OF EVIDENCE AS TO THE RATE THAT THOSE ERRORS WERE OCCURRING. THERE WAS NO SAMPLING OF DATA. THERE WAS NO PRESENTATION AT ALL OF ANY KIND OF A STATISTICAL ANALYSIS.”— Kevin M. DowneyEncapsulates the defense's argument that isolated patient examples did not establish a broader reliability problem or Holmes's knowledge of one.Open in transcript →

Day 48

Day 49

Day 51

Charge ConferenceJury Note No. 3 and Modified Allen Charge Conference1highlight13lines spoken

Summary

After the jury reported no unanimous verdict on three counts, the court overruled the defense's coercion objection and chose to give a modified Allen charge with a renewed burden-of-proof instruction.

Highlights (1)

Quoteβ€œI THINK 7.7 IS PROBABLY UNNECESSARY AND RUNS THE RISK OF BEING COERCIVE.”— Kevin M. DowneyDefense counsel's concise statement of the principal objection to giving the modified deadlock instruction.Open in transcript →