Tag Archives: Holmes

A federal jury has said it has failed to reach a unanimous verdict on three of 11 counts in the criminal case against Theranos founder Elizabeth Holmes, who was accused of defrauding patients and investors in a blood-testing startup once valued at $9 billion. During a proceeding Monday where Holmes was present, both her attorneys and prosecutors agreed that Judge Edward Davila could bring in jurors so he could read a jury instruction encouraging deadlocked jurors to continue… Source link

After four full days of deliberations in the fraud case against Elizabeth Holmes, no verdict was reached by the time jurors were excused on Thursday afternoon. Deliberations in the case, which includes more than 900 exhibits and testimony from 32 witnesses, including Holmes herself, resumed Monday following a three-day weekend due to a court holiday Friday. Deliberations are scheduled to resume at the federal courthouse in San Jose on Tuesday, starting at 8:30 a.m. Pacific Time. Holmes, 37,… Source link

A big question is on the minds of jurors, prosecutors, and maybe even Elizabeth Holmes and her defense team, as government lawyers come close to wrapping up their fraud case: Will the fallen Silicon Valley entrepreneur take the stand to defend herself? There’s no easy formula to arrive at a decision, criminal trial attorneys tell Yahoo Finance, though some critical considerations are bound to weigh in. “The biggest risk that you can take at trial as a defense lawyer is to call your client… Source link

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

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

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

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

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

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

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