news 8 months ago

Judge Trims Charges Facing Holmes

Newser — Bob Cronin

Elizabeth Holmes, the Stanford dropout who founded the blood-testing company Theranos, still faces a trial in San Jose but now on fewer charges. US District Judge Edward Davila said Tuesday that he'll toss out any of the 11 counts against Holmes and Ramesh "Sunny" Balwani, former Theranos president, that accuse them of defrauding doctors or nonpaying patients, the Wall Street Journal reports.

The ruling said patients didn't lose money or property because their insurance companies paid for the company's blood tests, per Reuters. A wire fraud charge remains in place.

The judge rejected defense attempts to win dismissal of the indictment entirely. Davila did order prosecutors to provide the defense more information about accusations concerning advertising and marketing materials.

The court case involves so many documents that he said Holmes and Balwani "may be unfairly surprised at trial." Davila has ordered the trial to begin July 28.

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