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USA v. Holmes et al
Case Number:
5:18-cr-00258
Court:
Nature of Suit:
Judge:
Firms
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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.
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April 27, 2022
Balwani Recruited His Dermatologist As Lab Chief, Jury Told
Ex-Theranos executive Ramesh "Sunny" Balwani's former dermatologist testified in Balwani's criminal fraud trial Wednesday that Balwani convinced him to serve part-time as Theranos' lab director, but his role was "minimal" and he didn't learn about the company's testing problems until months after he had been replaced and stopped hearing from Balwani.
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April 26, 2022
Balwani Jurors Can Hear If Investors Knew He Dated Holmes
A California federal judge overseeing the fraud trial of ex-Theranos executive Ramesh "Sunny" Balwani ruled Tuesday that prosecutors can ask a DeVos family wealth manager and other investors if they knew Balwani and ex-Theranos CEO Elizabeth Holmes were dating, rejecting Balwani's assertion that the relationship isn't relevant.