Private jet flights, luxury hotel trips, fawning media reports and hobnobbing with the world’s elite — Elizabeth Holmes’ desire for recognition and wealth allegedly motivated her to commit fraud with her now-defunct blood-testing company Theranos. That’s a major motive argument that federal prosecutors would like to make when Holmes’ trial starts in July in U.S. […]
Elizabeth Holmes
BREAKING: Elizabeth Holmes’ trial postponed due to California COVID surge
Ex-Theranos CEO Elizabeth Holmes’ federal fraud trial will now start in July 2021 due to another COVID-19-related delay, according to published reports. A new surge of coronavirus cases in California led Judge Edward Davila to postpone jury selection to July 13, the San Jose Mercury News and CNBC reported. Davila previously postponed the trial to […]
Ambu, Boston Sci execs see domination for single-use scopes
Hospital closures connected to COVID-19 have cut into the sales of many medical device companies, but executives at rival makers of single-use scopes say pandemic has only heightened existing concerns about contamination, exposure and cost. In interviews in this week’s DeviceTalks Weekly Podcast, executives from Ambu A/S and Boston Scientific (NYSE:BSX) said improved technology make […]
The top 5 MassDevice stories of the week — September 11, 2020
From the Theranos case to wearable medical devices, it’s been another busy news week for the medical device industry. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” during our DeviceTalks Weekly podcast. Without further ado, here’s this week’s MassDevice Top Five: […]
Theranos founder Elizabeth Holmes’ trial to start in March
Ex-Theranos CEO Elizabeth Holmes’ federal fraud trial will now start in March 2021 amid delays related to the COVID-19 pandemic. Judge Edward Davila decided yesterday that jury selection will start on March 9, with opening arguments taking place around March 16 in U.S. District Court in San Jose, Calif. It is possible that some or […]
Theranos founder Elizabeth Holmes is questioning grand jury selection process
Prosecutors are asking a federal judge to mostly deny ex-Theranos CEO Elizabeth Holmes’ request to inspect grand jury selection records. Holmes, according to the prosecutors’ July 31 response to Holmes’ July 30 motion, is adopting a strategy of other defendants indicted during the COVID-19 pandemic — to suggest without basis that was the grand jury […]
The top 5 medtech stories of the week — July 24, 2020
COVID-19 is surging back in the U.S., new jobless claims are up, but MassDevice’s most-read stories this week were mostly optimistic. That’s the takeaway from our inaugural MassDevice Top Five — a weekly recap of the most-read stories on MassDevice, the online business journal of the medical device industry. Want to hear more about the […]
Theranos founder Elizabeth Holmes’ trial likely won’t take place until next year
A federal just in California this week signaled that the trial of ex-Theranos CEO Elizabeth Holmes and president Sunny Balwani likely won’t happen until next year. The COVID-19 pandemic had already caused Judge Edward Davila to push the trial start date back to October. Davila indicated during a July 20 hearing held over Zoom that […]
Theranos’ Balwani seeks trial delay, Holmes objects to new charges
Former Theranos president Sunny Balwani has asked a federal judge to postpone his trial on fraud charges until April 2021 and to allow him to renew his passport so he may visit his sick mother in India. Federal prosecutors agreed to the trial postponement, according to a court filing. No indication was given of their […]
Theranos founder Elizabeth Holmes’ trial date pushed back amid coronavirus
Ex-Theranos CEO Elizabeth Holmes will see her federal court trial over fraud charges start on Oct. 27, instead of July 28, amid coronavirus pandemic worries — as well as prosecutors’ desire to add more charges against her. “We’re in unchartered waters and unchartered territories,” U.S. District Judge Edward Davila said yesterday during a trial status […]
Judge refuses to delay Elizabeth Holmes trial
Ex-Theranos CEO Elizabeth Holmes lost a bid to have the trial in her criminal fraud case delayed, despite pleas of hardship due to the COVIDd-19 outbreak. According to published reports, Holmes’ defense attorneys argued yesterday that travel and other restrictions related to the pandemic would hamper their client’s trial preparation efforts. They had filed motions […]
