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Elizabeth Holmes owes over $25 million to Theranos, lawsuit says
Elizabeth Holmes hasn’t paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year prison sentence, according to a lawsuit. 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.” The suit was filed in December 2022, but didn’t come to light until Friday, when Holmes appeared in court. According to the breach of contract suit, Holmes executed three promissory notes while she was CEO of the failed ... (full story)
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