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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInElizabeth Holmes Says US Wrong to Suggest She Marry Partner to Pay Debts – Bloomberg
Prosecutors said in their sentencing recommendation memo that the amount “may dwarf her ability to pay,” noting that her “modest assets” are outweighed by $450,000 in loans for her civil settlement with securities regulators and more than $30 million in liabilities for legal fees. But the government also said the US Probation Office reported that […]
Elizabeth Holmes Should Get 15 Years’ Prison for Fraud, US Says – Bloomberg
Former Theranos Inc. Chief Executive Officer Elizabeth Holmes should spend 15 years in prison for committing one of the most serious white-collar crimes in Silicon Valley history, prosecutors told the judge who will sentence her. *** Holmes’s own lawyers say she should be spared from prison and sentenced to home confinement and community service so […]
More Zealot Than Showman: Elizabeth Holmes Admirers Speak Out – Bloomberg
Elizabeth Holmes presented more than 130 letters to US District Judge Edward Davila in a bid for leniency when he sentences her for fraud. The letters are aimed at humanizing Holmes, the founder of blood-testing startup Theranos Inc., whose lawyers say she has become a caricature in the public eye after being endlessly “mocked and vilified” […]
Elizabeth Holmes Should Get 15 Years’ Prison for Fraud, US Says – Bloomberg
Former Theranos Inc. Chief Executive Officer Elizabeth Holmes should spend 15 years in prison for committing one of the most serious white-collar crimes in Silicon Valley history, prosecutors told the judge who will sentence her. In a request filed late Friday by the US Attorney’s Office in San Francisco, prosecutors injected a new element into […]
Theranos Founder Elizabeth Holmes Is Denied a Bid for New Trial – WSJ
A federal judge denied Elizabeth Holmes’s bid for a new trial, the latest setback for the Theranos Inc. founder who was convicted of fraud in January. U.S. District Judge Edward Davila, who oversaw Ms. Holmes’s trial which began last year, said in a ruling late Monday that the arguments in her three motions for a […]
Elizabeth Holmes bids for new trial as ex-Theranos aide stands by testimony
A key witness in a trial that led to the conviction of disgraced Theranos CEO Elizabeth Holmes adamantly stood by his testimony during an unusual court appearance Monday. The prosecution witness, former Theranos lab director Adam Rosendorff, made a remorseful appearance at Holmes’ Silicon Valley home after the trial, raising questions about potential misconduct. *** Monday’s hearing […]
Balwani Denied Request to Join Bid by Holmes for a New Trial – Bloomberg
A federal judge rejected a request by former Theranos Inc. President Ramesh “Sunny” Balwani to join an attempt by the company’s founder and former chief executive officer Elizabeth Holmes to win a new trial. — Balwani wanted to join an Oct. 17 hearing where a former Theranos lab director will be questioned about the veracity […]
Elizabeth Holmes’s Ex-Colleague Disputes Account in Her Bid for New Trial – WSJ
Lawyers for Adam Rosendorff, the former Theranos Inc. lab director who testified against founder Elizabeth Holmes in her criminal-fraud trial, asked a judge Wednesday to reject a subpoena from Ms. Holmes as she seeks a new trial. *** Last month, Ms. Holmes asked a federal judge for a new trial, citing a visit to her […]
Theranos Founder Elizabeth Holmes Gets Hearing on New Trial – WSJ
Theranos Inc. founder Elizabeth Holmes is due back in court this month to make the case that she deserves a new trial based on her allegations that the government manipulated testimony from a key witness who testified against her. The hearing was granted Monday by the judge who presided over Ms. Holmes’s monthslong criminal-fraud trial. […]
Elizabeth Holmes Says Fraud Trial Unfair Since She Went Before Theranos’ Balwani – Bloomberg
Theranos Inc. founder Elizabeth Holmes asked for a new trial on the grounds that she was unfairly disadvantaged by being tried before her ex-boyfriend and Theranos President Ramesh “Sunny” Balwani. Facing a sentencing next month that could put her in prison for as much as a decade, Holmes has filed a flurry of long-shot motions […]