Theranos lawsuit alleges Elizabeth Holmes owes $25m+.

1 min read
Source: The Guardian
Theranos lawsuit alleges Elizabeth Holmes owes $25m+.
Photo: The Guardian
TL;DR Summary

Elizabeth Holmes, the founder of Theranos, owes more than $25m to the company, according to a lawsuit. Holmes executed several promissory notes during her time as CEO, but has allegedly not yet paid back the amount owed. The board of directors extended the notes' terms in 2016 by five years. Holmes was sentenced to more than 11 years in prison for defrauding investors and was ordered to self-surrender to prison on 27 April.

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