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Offbeat Theranos founder reportedly seeks investors for new company

20:53  11 june  2018
20:53  11 june  2018 Source:   businessinsider.com

Theranos founder Elizabeth Holmes out as CEO

  Theranos founder Elizabeth Holmes out as CEO The Securities and Exchange Commission in March accused Holmes of "massive fraud" in connection with Theranos.Elizabeth Holmes, the college dropout who founded the blood-testing company Theranos, stepped down as CEO of the crippled company Friday.

There’s a new surprise from the Wall Street Journal’s John Carreyrou (author of the Theranos expose Bad Blood: Secrets and Lies in a Silicon Valley Startup). But alas, the tech world doesn’t see Theranos as a tech company , but rather a biotech outlier…

3/WEZp4JRpu7o/ theranos - founder -elizabeth-holmes- seeks - investors - for - new - company There's a new surprise from the Wall Street There's a new surprise from the Wall Street Journal's John Carreyrou (author of the Theranos expose Bad Blood: Secrets and Lies in a Silicon Valley Startup).

The word is that Elizabeth Holmes is looking to raise money for a new startup.

The 34-year-old founder and CEO of the embattled blood-testing startup Theranos is courting Silicon Valley investors in hopes of forming a new company, according to a Vanity Fair interview with the author John Carreyrou.

Carreyrou, the Wall Street Journal reporter who first revealed Theranos had misled the public about its blood-testing product, didn't disclose what the new startup was or whom Holmes was meeting with.

Holmes, Theranos, and the company's former president Sunny Balwani were charged with massive fraud by the US Securities and Exchange Commission earlier this year. The SEC accused Theranos of making "numerous false and misleading statements in investor presentations, product demonstrations, and media articles" about the company's blood-testing technology while raising more than $700 million.

Ex-employee sues Ice Cube's BIG3 over hostile work environment

  Ex-employee sues Ice Cube's BIG3 over hostile work environment On the court, Ice Cube’s BIG3 basketball league is a burst of nostalgia, with former players flashing impressive skills in a fun atmosphere. According to The Hollywood Reporter, BIG3 is now being sued by its former chief creative officer, Kainoa Henry, who claims league co-founder Jeffrey Kwatinetz created a hostile work environment by, among other things, talking too much about former Donald Trump adviser Steve Bannon.

In a letter to investors obtained by Buzzfeed News, Theranos founder Elizabeth Holmes explained how Theranos is falling behind on the development milestones it needs to hit. Theranos CEO Elizabeth Holmes is asking her investors for more money to keep the company afloat, according to

Founder & CEO of Theranos Elizabeth Holmes. This is the third lawsuit filed by Theranos investors against the company since Oct. 10, but the first to seek class-action status, the Journal said.

As part of the settlement, Holmes agreed to give up financial and voting control of the company, pay a $500,000 fine, and return 18.9 million shares of Theranos stock, and she cannot be a director or officer of a publicly traded company for 10 years. Theranos is a privately held company, however, which means Holmes has been allowed to stay on as CEO. The same rules would apply to a new startup venture.

Amid all the bad press, imploding business partnerships, and SEC charges, Theranos laid off most of its staff and is reportedly on the verge of bankruptcy.

Reggie Bush’s civil lawsuit seeks damages after 2015 injury in St. Louis .
Reggie Bush’s civil lawsuit against the owners and operators of the former Edward Jones Dome and the now Los Angeles Rams began in a St. Louis courtroom Tuesday. The former NFL running back claims he injured his knee, ending his season, when he slipped on a “concrete ring of death” as he was pushed out of bounds in a November 1, 2015, game against the Rams.Bush played for the 49ers at the time.He played 13 games for Buffalo in 2016 but had only 12 carries.“You can see, it’s like all of a sudden he’s running on an ice rink,” Bush’s lawyer Tim Cronin told jurors in opening statements, via the St. Louis Post-Dispatch.

Source: http://us.pressfrom.com/news/offbeat/-153906-theranos-founder-reportedly-seeks-investors-for-new-company/

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