The company will seek to pay unsecured creditors its remaining cash in coming months, the Journalsaid, citing a shareholder email.
She launched Theranos in 2003 in Palo Alto, California, pitching its technology as a cheaper way to run dozens of blood tests.
Holmes and Balwani are accused of faking demonstrations of the technology, lying to investors about the anticipated returns, lying to the media, lying about the deployment of the technology on the battlefield, using third-party equipment to conduct tests while claiming to use Theranos's own gear, and misrepresenting the progress of a partnership with Walgreens (wba).
Prosecutors had said Holmes and Balwani used advertising and solicitations to encourage doctors and patients to use its blood testing laboratory services despite knowing the company could not produce accurate and reliable results consistently.
It is the latest twist in one of the most dramatic rise-and-fall stories U.S. business has ever seen and comes three months after Elizabeth Holmes, who founded the company at the age of 19, was charged with fraud along with Sunny Balwani, her former lover and the company's former chief operating officer.
She carefully crafted her image as well, wearing nearly entirely black turtleneck sweaters that earned her the moniker in Silicon Valley as 'the next Steve Jobs'. At one time, Theranos was worth more than $10 billion and Holmes was the youngest self-made female billionaire. But that unraveled spectacularly under the scrutiny of Wall Street Journal investigative reporter John Carreyrou.
The Securities and Exchange Commission brought civil fraud charges against Holmes and Balwani in March. The SEC accused them of lying about the company's abilities, financial health and connections to the Department of Defense.
As part of the settlement, Ms Holmes had to return millions of shares to the privately held company and pay a $500,000 fine. Balwani is fighting the charges.
David Taylor, the Theranos general counsel who took over as CEO after the disgraced Elizabeth Holmes finally resigned in June, wrote to the company's stockholders to say all efforts to sell the operation had failed.
Google won't have an executive testifying alongside Twitter and Facebook before a Senate intelligence committee hearing Wednesday. Sandberg and Dorsey both agreed with Wyden that the issue should be viewed as a top national security priority.
Mr Field told the Guardian that he was contemplating hiring a solicitor to fight any attempt to remove him from the party. Mr Field also hit out at his local division of the party, describing it as the second factor that drove him to quit.
Oakland gets first-round picks in 2019 and 2020, a third-round pick in 2020 and a sixth-rounder in 2019 from the Bears. The trade comes a day after the Los Angeles Rams signed Aaron Donald to a record six-year, $135 million extension.
Besides, this wouldn't be the first time that the Powers That Be at NBC News ignored or squashed reports of abusive, powerful men. And immediately New Yorker recognized that, and it is not accurate to say that it was not reportable.
As you could probably guess, just like the playoffs in any other sports, the field from here on out will only get stronger. Instead Woods took the moment to quietly reflect on what this past year has meant to him.
Bolton also noted that the US under President Donald Trump had twice struck at Syria for its use of proscribed chemical weapons. Bolton said he and Patrushev had discussed "a number of ideas" about how to do that, without specifying.
I'm still not sure I'm sold on the need for this, and I really hope they aren't going to unfold a phone into a DeX experience. However, he suggested that more details would be revealed at the Samsung Developer Conference scheduled for November 7 and 8.
Apple typically starts selling new iPhones a few weeks after launching them, in time for the holiday shopping season. The Apple Watch isn't an iPhone-like revenue generator, but is part of the company's growing Other Products segment.
An explanation could be that some lawmakers fear they will be punished by voters if they put their names to dumping Mr. He also thanked deputy prime minister Julie Bishop for being a "rockstar" for the Liberal Party as a foreign minister.
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After Rivera was charged, Reynolds denounced an immigration system that "allowed a predator like this to live in our community". Rivera is being held in the Poweshiek County Jail, where he faces charges filed in the Poweshiek County District Court.
Alonso rejected chance to join Red Bull
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