4 ms·
-- relevant: https://www.sec.gov/news/press-release/2018-41 https://www.sec.gov/news/press-release/2018-41 -- Theranos and Holmes have agreed to settle the fra
by pigtailgirl 4y ago
-- relevant: https://www.sec.gov/news/press-release/2018-41 https://www.sec.gov/news/press-release/2018-41 --
Theranos and Holmes have agreed to settle the fraud charges levied against them. Holmes agreed to pay a $500,000 penalty, be barred from serving as an officer or director of a public company for 10 years, return the remaining 18.9 million shares that she obtained during the fraud, and relinquish her voting control of Theranos by converting her super-majority Theranos Class B Common shares to Class A Common shares.