According to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.
According to a lawsuit obtained by CNBC, former CEO Elizabeth Holmes owes Theranos creditors over $25 million.Holmes appeared in federal court on Friday, asking to remain free while lawyers appeal her conviction.
Theranos ABC, a company set up on behalf of its creditors, alleges in a lawsuit filed in the Superior Court of California in Santa Clara County that "Holmes has not made any payments on account of any of the Promissory Notes." According to the breach of contract suit, Holmes executed three promissory notes while she was CEO of the failed blood-testing company. The promissory notes were as follows, according to the lawsuit:December 2013 in the amount of $9,129,991.10.
Holmes returned to federal court in San Jose, Calif. on Friday asking to delay her report date to prison next month while she appeals her conviction. A man holding the lawsuit approached Holmes at her attorneys' table inside the courtroom. The man, who increasingly grew agitated, was removed by marshals. It could not be immediately confirmed if he was a process server trying to serve the suit on Holmes.
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