Tag Archives: Holmes

Elizabeth Holmes ‘deferred to’ her then-boyfriend when running Theranos, her lawyers argue

Court documents unsealed on Monday revealed new details of ex-Theranos CEO Elizabeth Holmes’ defense strategy, in a closely watched criminal trial accusing her of using her blood-testing startup to defraud both patients and investors. In the documents, Holmes contends that alleged abuse by her onetime boyfriend — former Theranos COO and president Ramesh “Sunny” Balwani, who also faces criminal charges — influenced her beliefs about the startup’s operations and financial well… Source link

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Elizabeth Holmes saga had ‘no’ impact on trust of 23andMe: CEO

Former Defense Secretary Jim Mattis testified on Wednesday in the fraud trial of entrepreneur Elizabeth Holmes, saying that he had been given a false impression about the capability of the blood testing product put forward by her now-defunct company Theranos. The testimony from Mattis, who sat on the board of the company for three years, is a central part of the prosecution’s case characterizing the fallen Silicon Valley star as a savvy operator who misled investors. Regardless of the trial’s… Source link

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Elizabeth Holmes’ co-defendant denied a guaranteed seat at her trial

The federal judge overseeing the criminal fraud trial of former Theranos CEO and Silicon Valley biotech entrepreneur Elizabeth Holmes on Monday denied a request by her co-defendant Ramesh “Sunny” Balwani for guaranteed access to the high-profile proceedings. “Mr. Balwani hereby moves this Court to reserve two seats for members of his defense team at Ms. Holmes’ trial in order to maintain a level playing field between the defense and prosecution leading up to Mr. Balwani’s trial,”… Source link

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Why Elizabeth Holmes, Theranos saga has cast a ‘long shadow’ on female-led startups

The trial of Theranos CEO Elizabeth Holmes officially begins next week — and there’s more at stake than the fate of a disgraced biotech entrepreneur, and a company that’s now become synonymous with fraud. Indeed, there’s at least some element of Silicon Valley that’s also being put on trial, and at least a few entrepreneurs believe the fallout could outlast the trial headlines, particularly for female startup founders. The tech sector’s mantra of “move fast and break things,”… Source link

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Elizabeth Holmes criminal fraud case starts today with jury selection

Jury selection begins today in the criminal case against Theranos founder Elizabeth Holmes, who’s accused of defrauding investors and patients through her once-hyped blood-testing startup. Prosecutors and lawyers for Holmes will have to narrow a pool of nearly 200 prospective jurors to 12 who will decide her fate in a case that could potentially land her in federal prison for years. The dozen jurors and five alternates will sit for a closely watched trial expected to last as long as four… Source link

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Silicon Valley on trial in case against Elizabeth Holmes

Lawyers on Tuesday are scheduled to begin selecting a jury for the trial to decide the fate of one of Silicon Valley’s most lambasted entrepreneurs, former Theranos CEO Elizabeth Holmes. But it’s not just Holmes who’s on trial — the case could expose the region’s startup business culture to new criticism. Holmes, 37, once proclaimed the youngest female self-made billionaire — and featured in Yahoo Finance’s new original documentary “Valley of Hype,” available to stream at 5 p.m. on… Source link

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Elizabeth Holmes fails to keep customer complaints, test results out of criminal fraud trial

SAN JOSE, CALIFORNIA – MAY 4: Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her defense team in downtown San Jose, Calif., on Tuesday, May 4, 2021. (Photo by Nhat V. Meyer/MediaNews Group/Mercury News via Getty Images) A federal judge on Wednesday denied a request from former Theranos CEO Elizabeth Holmes to keep customer complaints, test results, and a regulatory report out of her upcoming criminal fraud trial connected to her failed blood-testing… Source link

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Elizabeth Holmes defense accused of ‘gamesmanship’ for trying to weed out jurors

Theranos founder Elizabeth Holmes exits Robert F. Peckham U.S. Courthouse with her attorneys after the first day of federal court hearings, in San Jose, California, U.S. May 4, 2021. REUTERS/Kate Munsch A battle over who ends up on the jury that decides the fate of former media darling and Silicon Valley entrepreneur, Elizabeth Holmes, is heating up in the months before her criminal trial is set to begin. In a motion filed Monday, federal prosecutors accuse Holmes’ of “gamesmanship” for… Source link

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Elizabeth Holmes’ lawyers want jurors untainted by intense media coverage of Theranos

Theranos founder Elizabeth Holmes exits Robert F. Peckham U.S. Courthouse after the first day of federal court hearings in San Jose, California, U.S. May 4, 2021. REUTERS/Kate Munsch Court documents filed Thursday in the federal criminal fraud case against former Theranos CEO Elizabeth Holmes reveal questions that her attorneys hope to pose in selecting the jurors who will decide the fate of the embattled Silicon Valley entrepreneur. The proposed questionnaire and jury instructions submitted… Source link

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New Detroit Lions GM Brad Holmes sounds like he wants to keep Matthew Stafford at QB

It was the second question of his introductory news conference Tuesday, and given the magnitude of the decision, it was somewhat surprising it was not the first. Brad Holmes made no promises about Matthew Stafford‘s future at quarterback, but the new Detroit Lions general manager sure sounded like a man who wants Stafford on his team in 2021. “Matthew, great player,” Holmes said. “And what you really appreciate is, I think the talent level is easy to see. But you really appreciate how his… Source link

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