Jurors ended deliberations for a second day on Tuesday in the fraud trial of Elizabeth Holmes, the founder of the blood testing start-up Theranos.
Ms. Holmes, who has pleaded not responsible, faces 11 counts of wire fraud and conspiracy to commit wire fraud. Closing arguments in the case concluded final week. On Monday, jurors started deliberating at round 8:30 a.m. They left the courthouse round four p.m.
On Tuesday, the jury of eight males and 4 girls once more started deliberating round 8:30 a.m. and stayed all day, at one level asking the decide if they might evaluation jury directions at residence. (The reply was no.) Extra time is scheduled for Thursday. Additional days shall be scheduled if wanted.
The deliberations are the closing stage of the almost four-month trial, which has drawn lengthy strains of spectators keen to look at a high-profile Silicon Valley entrepreneur defend herself in a case seen as a referendum on start-up tradition.
Earlier than her firm faltered, Ms. Holmes, 37, exemplified the genius founder. She based Theranos in 2003, dropped out of Stanford College the subsequent 12 months to give attention to the firm and raised $945 million from traders. At its peak, Theranos was valued at $9 billion.
Ms. Holmes additionally offered her entrepreneurial imaginative and prescient and styled herself as a Steve Jobs-like founder, all the way down to sporting a uniform of black turtlenecks. She turned a billionaire on paper, graced the covers of many magazines and was extensively celebrated.
However a 2015 Wall Avenue Journal investigation discovered that Theranos had inflated many of its claims about its know-how and enterprise relationships. The corporate formally shut down in 2018.
A verdict in the case boils all the way down to intent. Prosecutors argued that Ms. Holmes purposely deceived traders and sufferers as she sought investments and enterprise for her start-up. The protection sought to color her as a well-meaning entrepreneur whose failure was not a crime.
Testimony from Ms. Holmes anchored the protection’s case. She blamed senior lab workers for her firm’s issues, argued that her personal actions had been misunderstood and stated she had believed her claims about Theranos’s know-how. She additionally stated Ramesh Balwani, her ex-boyfriend and Theranos’s former chief working officer, had emotionally and bodily abused her, accusations he has denied.