All posts tagged "Newbusinessentities"

Theranos founder Elizabeth Holmes’ bid to stay out of prison past her scheduled April 27 incarceration date remains in play after her judge said Friday he would not issue an order until early next month. Holmes, convicted of felony fraud in connection with her now-defunct Palo Alto, California, blood-testing startup, has asked Judge Edward Davila to let her remain free on bail until her appeal is concluded, which could take months. When Davila in November sentenced Holmes to more than 11 years in prison, he delayed Holmes’ incarceration until April 27, with legal experts saying the judge likel......

Theranos founder Elizabeth Holmes walked into her criminal trial in federal court in San Jose in September 2021 charged with 12 counts of fraud in connection with her now-defunct Palo Alto blood-testing startup. Four months later, she walked out guilty on four counts, after a jury found her liable for defrauding some, but not all investors, and acquitted her of defrauding patients. One charge was dropped because federal prosecutors erred. Holmes, who gave birth to a son in July 2021 weeks before the start of her trial, and is pregnant again, is to be sentenced Friday, with legal experts predic......

NEW YORK — Former President Donald Trump and his son Eric Trump are trying to dodge a $250 million civil action lawsuit brought by New York Attorney General Letitia James, according to a Thursday filing that claims they’ve refused service for almost a month. The allegation was included in a legal filing in State Supreme Court in Manhattan. It also accuses Donald Trump’s family business of moving to transfer its assets out of state to evade responsibility. “Beyond just the continuation of its prior fraud, the Trump Organization now appears to be taking steps to restructure its business to avoid......

The merger between a Miami-based investment company and former President Donald Trump’s media firm remained uncertain Monday, when a critical shareholder vote on a deadline extension was put on hold. Patrick Orlando, CEO and chairman of Digital World Acquisition Corp., said he delayed the vote until Nov. 3 so stockholders in the publicly traded company have more time to consider a year-long extension that would allow more time for federal regulators to review the merger with Trump Media & Technology Group. The regulatory extension is considered crucial to Trump’s goal to create a Florida-based......

Federal workplace regulators have fined San Jose food-delivery startup Locale $140,000 for employing more than six dozen teenaged drivers in violation of child-labor law. The drivers, aged 16 and 17, made deliveries for Locale between July 2020 and July 2021, U.S. Department of Labor officials said Wednesday. “Performing time-sensitive deliveries has the potential for an inexperienced driver to get into a car accident and hurt either themselves or somebody else,” said Martin Otero, an Oakland-based community-outreach specialist for the department. Federal authorities were not aware of any acci......

Theranos founder Elizabeth Holmes, convicted by a jury in January of four counts of defrauding investors in her now-defunct Palo Alto blood-testing startup, appeared in federal court in San Jose on Thursday seeking to have the verdict thrown out, with no new trial, but the judge in a preliminary ruling denied her bid. “The evidence does support the jury’s findings,” Judge Edward Davila said, adding that he would review arguments made Thursday in court by the defense and prosecution, and earlier court filings from both sides, before issuing a final decision in writing as soon as he could. Holme......