Elizabeth Holmes' motions for a new trial were denied by Judge Edward J. Davila on Monday, November 9, 2022. Holmes, the former CEO and founder of Theranos, was found guilty of defrauding investors earlier this year, and she now faces sentencing on Friday, November 18, 2022.
Elizabeth Holmes, the former Theranos CEO convicted in January of defrauding investors, requested a new trial in two separate filings this week. One filing alleges that a key prosecution witness has expressed regret for his testimony while another asserts that the fact that she was tried before her former partner Ramesh "Sunny" Balwani was unfairly prejudicial.
Opening statements in the fraud trial of Elizabeth Holmes, former CEO and founder of Theranos, began on September 8. Holmes is accused of intentionally misrepresenting Theranos’ blood-testing technology and the company’s business performance.