June 27, 2018 / 9:49 PM / 5 months ago

Theranos founder Holmes loses bid to stay lawsuit amid criminal case

A federal magistrate judge has rejected Theranos Inc founder and former Chief Executive Officer Elizabeth Holmes’ request for a stay of a civil fraud lawsuit against her in light of recently filed criminal charges.

Tuesday’s ruling by U.S. Magistrate Judge Nathanael Cousins in San Jose, California, means a previously-scheduled deposition of Holmes in the civil case may go forward despite her contention that it would put her in an “untenable position.”

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2tIfhud

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