Theranos: Elizabeth Holmes’ jury will resume discussions in 2022 Business and Economic News

A jury measuring the fraudulent allegations against the former CEO of Theranos is breaking up after the New Year holiday.

The jury, which measured fraudulent allegations against former Theranos director Elizabeth Holmes, was released from court on Wednesday after a six-day debate. He will not resume discussions until the end of the New Year’s holiday weekend.

Eight men and four women from the jury were expected to continue their deliberations on Thursday morning, but after leaving, they announced that they would rest until Monday. No explanation was given for the decision to suspend discussions. The jury was scheduled to be absent on Friday in a federal court holiday.

The final round of discussion took place in the background of the intrigue created by a closed-door meeting attended by Holmes’s lawyers and the judge presiding over the case on Wednesday morning.

U.S. District Court Judge Edward Davila on Tuesday morning tried “golet” with two Holmes attorneys, Kevin Downey and Lance Wade, along with two prosecutors Jeffrey Schenk and Robert Leach, according to a court hearing Tuesday night. . Holmes was not present at the 23-minute hearing.

The transcript of the hearing has been sealed, leaving the issues discussed a mystery. But it is not uncommon for discussions of the agreement to take place while the jury deliberates on the charges, especially the longer it takes to reach a verdict. The unexpected decision to rest on Thursday could also be the focus.

Holmes, 37, faces 11 criminal charges for misleading investors and patients into believing that his company’s blood test technology was a medical breakthrough that he tended to make wild mistakes. If convicted, Holmes will face up to 20 years in prison.

The jury is set to appear in federal court in San Jose, California, after a three-month trial in Silicon Valley.

Last week, the jury sent two notes to Judge Davila: one quickly dismissed the request to take the instructions home, and another allowed Holmes’s 2013 Theranos to repeat a recording he was discussing with potential investors.

The jury did not report any progress in this week’s deliberations.

The case has attracted worldwide attention. At its core is Holmes ’rise and fall, which began when Theranos dropped out of college at age 19 and then went on to shatter Silicon Valley men’s culture with his bold proclamations and fundraising. He became a millionaire on paper, before everything evaporated, accusing him of being a charlatan rather than an activist.