The trial for Theranos founder Elizabeth Holmes began in federal court in San Jose, Calif., On Tuesday, with discussions on the upcoming trial.
Holmes, who is pregnant, appeared in person for a pre-trial move during which her lawyer pressed to release something from a pending trial.
The issues discussed Tuesday were exchanges of messages, regulators ‘reports and information pertaining to Holmes̵7; wealth, according to The Wall Street Journal.
She had another pre-trial move on Wednesday.
ELIZABETH HOLMES: 5 THINGS TO KNOW
Holmes, once considered a billionaire, is famous for the tech industry, based on her vision to create a simpler blood test system.
At its peak, the company she founded in 2003 was valued at more than $ 9 billion after raising nearly $ 900 million from investors, according to The Wall Street Journal. Technology company and her talent
After a subsequent investigation emerged from the Wall Street Journal investigation, litigation and the deal it took, the company earned less than $ 200 million at the end of 2016, less than 25 percent of the cash it received. From an investor, Theranos did not generate any revenue in 2015 or 2016.
The company was shut down in 2018.
Holmes’ lawyers contested Tuesday that prosecutors had no evidence that the blood test was ineffective, according to The Journal.
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Theranos, Holmes and former President Ramesh “Sunny” Balwani agreed to end the agreement with the SEC, claiming that they In addition, Holmes was stripped of control and barred from serving as an officer or director at any public company for the next decade.
Holmes and Balwani were sentenced by a jury in June 2018 where they continued to defend themselves.
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Holmes’ trial is scheduled for August, while Balwani’s trial will begin early next year.