Theranos Founder Elizabeth Holmes Denied Bid for New Trial
A federal judge denied Elizabeth Holmes's bid for a new trial, the latest setback for the Theranos founder who was convicted of fraud in January. From a report: U.S. District Judge Edward Davila, who oversaw Ms. Holmes's trial which began last year, said in a ruling late Monday that the arguments in her three motions for a new trial didn't introduce material new evidence or establish government misconduct, adding that a new trial was unlikely to result in an acquittal. Ms. Holmes is scheduled for sentencing on Nov. 18. Earlier Monday, a court probation officer submitted a presentence report, an investigation into Ms. Holmes's legal and personal background. The judge previously denied her request for an acquittal. He also denied requests for an acquittal and new trial from Ramesh "Sunny" Balwani, Ms. Holmes's former boyfriend and deputy at Theranos, who was found guilty on 12 counts of fraud and conspiracy in a separate trial that concluded in July.
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