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8 Dec 2021, 11:39 am
Enlarge / Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 8, 2021. [read post]
2 Feb 2023, 12:22 pm
While not the longest sentence by any stretch on our list, the Theranos saga dominated the news at various points from its inception through the federal criminal charges in 2018 and culminated in 2022 with the sentencing of Elizabeth Holmes, founder and CEO of Theranos, and Sunny Balwani, former President and COO of Theranos. [read post]
2 Sep 2022, 7:59 am
When it comes to the headline-making allegations about Theranos Inc., whistleblower employee Tyler Shultz claimed that the company was falsifying its lab tests and was not making an effective product. [read post]
21 Apr 2022, 9:52 am
As a result of events Schultz largely set in motion, the government indicted two of Theranos’ most senior executives, its founder Elizabeth Holmes and CEO Sunny Balwani. [read post]
16 Nov 2018, 4:34 am
Fraud cases remain a high priority for the staff, she insisted, citing the litigation in significant cases such as those against Theranos and Rio Tinto. [read post]
3 Jul 2019, 8:03 am
” * Strike 3 Holdings, Inc. v. [read post]
16 Jun 2021, 11:59 am
Nike, Inc., 568 U.S. 85 (2013)), or dedicated to the public under 35 U.S.C. [read post]
18 Apr 2024, 9:01 pm
We experienced perfect storms of risk during the SPAC boom with frauds like the one that the SEC alleges was perpetrated by Trevor Milton and the EV company, Nikola.[6] And we’ve seen them in any number of recent alleged frauds by founders, including the collapse of Theranos and the prosecutions of its founders Elizabeth Holmes and Sunny Balwani.[7] I am certain that those who have studied these and other recent financial frauds at greater length than me, or than my remarks allow… [read post]
19 Nov 2021, 5:57 am
Securities and Exchange Commission, on Thursday, November 18, 2021 Tags: Glass Lewis, Institutional Investors, Institutional Shareholder Services Inc. [read post]
22 Mar 2018, 4:31 pm
Supreme Court’s February 21, 2018 decision in the Digital Realty Trust, Inc. v. [read post]
1 Feb 2023, 9:01 pm
We saw this, for example, in the 2008 financial crisis, and have many recent examples of the continued phenomenon with companies such as FTX, Theranos, and WeWork. [read post]
3 Jan 2017, 4:28 pm
While the world of directors’ and officers’ liability is always dynamic, the D&O liability arena was particularly eventful during 2016, with significant implications for what may lie ahead in 2017 – and possibly for years to come. [read post]
2 Sep 2019, 12:59 pm
Durkin, exercising his “inherent authority” and acting at the urging of an objecting shareholder, has “abrogated” the settlement of the litigation arising out of the acquisition of Akorn , Inc. by Frensenius Kabi AG, and ordered the plaintiffs’ lawyers to return to Akorn their $322,000 mootness fee, ruling that the additional disclosures to which the company agreed were “worthless to shareholders” and that the underlying lawsuits should have… [read post]
