USA v. Holmes et al
Case Number:
5:18-cr-00258
Court:
Nature of Suit:
Judge:
Firms
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May 20, 2022
Balwani Trial Goes On, Despite Juror's Positive COVID-19 Test
A juror in the criminal fraud trial of former Theranos executive Ramesh "Sunny" Balwani tested positive for COVID-19, the California federal judge overseeing the high-profile case announced Friday morning, but the trial continued and the government rested its case by mid-afternoon.
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May 19, 2022
Holmes' Sealed Docs Might Sway Balwani Jury, Judge Says
A California federal judge considering whether to unseal records from the criminal fraud trial of former Theranos CEO Elizabeth Holmes related to a mental health defense she didn't pursue expressed concern Thursday that they might prejudice the current trial of her alleged co-conspirator, whom Holmes claims abused her.
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May 18, 2022
Balwani Shut Down $96M Investor's Due Diligence, Jury Told
A hedge fund manager testified Wednesday in the fraud trial of former Theranos executive Ramesh "Sunny" Balwani that before his firm and its affiliates invested $96.1 million he tried to do thorough due diligence, but Balwani rejected his requests to speak with two of the company's notable business partners.
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May 17, 2022
Sick Juror Delays Ex-Theranos Exec's Criminal Fraud Trial
A California federal judge adjourned former Theranos executive Ramesh "Sunny" Balwani's criminal fraud trial Tuesday after a juror informed the court he was too sick to report for jury duty, but prosecutors said they still expect to wrap their case-in-chief by the end of the week.
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May 13, 2022
Walgreens Deal Spurred Quick Theranos Investment, Jury Told
A Black Diamond Venture executive testified in ex-Theranos executive Ramesh "Sunny" Balwani's criminal fraud trial Wednesday that he moved quickly under a Theranos-imposed deadline to invest an additional $5.4 million in the blood-testing company in 2013, working Christmas Eve and Day, in part because of the Theranos-Walgreens partnership that Balwani spearheaded.
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May 11, 2022
Balwani Invoked Lawyers To Cow Wavering Investor, Jury Told
A retired money manager testified in ex-Theranos executive Ramesh "Sunny" Balwani's criminal fraud trial Wednesday that Balwani's "cordial" demeanor shifted after he and his family invested roughly $1.2 million in the blood-testing startup and that Balwani threatened to involve Theranos' attorneys when asked to liquidate his investments.
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May 10, 2022
Balwani Didn't Void Tests After Feds Flagged Issues, Jury Told
A Centers for Medicare & Medicaid Services inspector testified in former Theranos executive Ramesh "Sunny" Balwani's criminal fraud trial Tuesday that she reported lab deficiencies to Balwani "every day" during a lengthy 2015 inspection and was surprised to learn months later that Theranos hadn't invalidated certain tests she'd flagged.
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May 04, 2022
Balwani Can't Use Giant Spreadsheet In Theranos Defense
The California federal judge overseeing ex-Theranos executive Ramesh "Sunny" Balwani's criminal fraud trial denied the defense's request Wednesday to introduce a 2,000-page spreadsheet Walgreens purportedly sent to Theranos, part of Balwani's effort to show he was truthful in telling investors that the companies were serious about expanding their partnership.
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May 03, 2022
Pfizer Scientist Didn't OK Theranos Using Logo, Jury Hears
A former Pfizer scientist testified Tuesday in the criminal fraud trial of ex-Theranos executive Ramesh "Sunny" Balwani that he didn't authorize adding a Pfizer logo to a Theranos report endorsing its blood-testing devices, after Balwani's attorneys lost a battle to exclude evidence of the doctored report.
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April 29, 2022
Theranos Investor Says Balwani Told Him Science Was Solid
U.S. Capital Advisors LLC's CEO testified in ex-Theranos executive Ramesh "Sunny" Balwani's criminal fraud trial Friday that a "confident" Balwani convinced him to invest more than $1.3 million in the blood-testing startup, telling him the "science" behind its technology was "complete" and that "no new invention" was needed.