According to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.
According to a lawsuit obtained by CNBC, former CEO Elizabeth Holmes owes Theranos creditors over $25 million.Holmes appeared in federal court on Friday, asking to remain free while lawyers appeal her conviction.
Theranos ABC, a company set up on behalf of its creditors, alleges in a lawsuit filed in the Superior Court of California in Santa Clara County that "Holmes has not made any payments on account of any of the Promissory Notes." According to the breach of contract suit, Holmes executed three promissory notes while she was CEO of the failed blood-testing company. The promissory notes were as follows, according to the lawsuit:December 2013 in the amount of $9,129,991.10.
Holmes returned to federal court in San Jose, Calif. on Friday asking to delay her report date to prison next month while she appeals her conviction. A man holding the lawsuit approached Holmes at her attorneys' table inside the courtroom. The man, who increasingly grew agitated, was removed by marshals. It could not be immediately confirmed if he was a process server trying to serve the suit on Holmes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge to decide in April whether to delay prison for Theranos founder Elizabeth HolmesElizabeth Holmes was sentenced to 11 years in prison for defrauding investors out of more than $100 million. Now, she has asked a judge to remain free on bail until her appeal is heard.
Read more »
Price tag for new Samsung Texas chip factory soars over $25 billionThe costs for the new Samsung chip factory in Texas have soared to over $25 billion. The company has already spent roughly half of the original $17 billion budget as it rushes to complete the factory by 2024 and start production by 2025.
Read more »
After leaving Ledger, former chief of staff aims to raise $25 million fund for NFT artLedger's former chief of staff is eyeing a $25 million NFT fund that will acquire 'culturally impactful' blockchain artwork.
Read more »
Exclusive: Samsung's new Texas chip plant cost rises above $25 billion -sourcesA chip plant that South Korea's Samsung Electronics Co Ltd is building in Taylor, Texas, will cost the world's biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter.
Read more »
Save $25 on this germ and odor eliminator this springThe VentiFresh ECO Plus uses a UV catalyst core to clean your air.
Read more »
The prison mum experience Elizabeth Holmes is desperate to avoidThe US is one of four countries that routinely separates incarcerated mothers from their babies.
Read more »