Former Fortune journalist Roger Parloff whose cover magazine story of Theranos Inc. founder Elizabeth Holmes helped vault her to fame testified Thursday at her criminal trial about how he was drawn into writing about the company, reports Joel Rosenblatt of Bloomberg News.
Rosenblatt reports, “After the Fortune story, Holmes was the subject of glowing write-ups by other publications, according to court filings. At trial, investors who said they were misled by Holmes have repeatedly pointed to Parloff’s story as influential in their decisions buy Theranos shares. Those investors ‘relied on it to their detriment,’ Parloff said in a court filing.
“In December 2015, after reporting by the Wall Street Journal about problems at Theranos triggered an unraveling of the company, Parloff wrote a follow-up to his original story entitled, ‘How Theranos Misled Me.’ Parloff described the article in a court filing as an explanation of ‘new revelations’ about Theranos.
“‘Seeing that my readers would have been misled by the prior article, I acted on what I saw as a duty to correct the prior reporting,’ he said in a court filing.”
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