Theranos founder Elizabeth Holmes and her former deputy will face trial in federal court in August 2020 for charges that they lied to doctors and patients about blood-test results and deceived investors about the disgraced startup’s finances
A trial for former Theranos chief Elizabeth Holmes and Ramesh ‘Sunny’ Balwani was set for Aug. 4, 2020. Above, Ms. Holmes arrives in federal court on June 28. Photo: Justin Sullivan/Getty Images By Abigail Summerville June 28, 2019 4:36 pm ET SAN JOSE, Calif.—Elizabeth Holmes, the founder of disgraced blood-testing startup Theranos Inc.
“Restrain your enthusiasm, please,” Judge Davila said to the defense lawyers, who had lobbied for a later start date, citing the amount of documents they had to review and the challenges of gathering witnesses. Theranos reached a valuation of $9 billion before the startup unraveled after a series of Wall Street Journal articles about its practices.
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