Lawyers for Theranos Inc. founder Elizabeth Holmes failed in a long-shot attempt to get her fraud conviction thrown out by telling the judge who oversaw her trial a version of events that highlighted her company’s accomplishments.
US District Judge Edward Davila on Thursday issued a preliminary ruling upholding the guilty verdict reached by a jury in January.
Holmes’s bid to get the judge to overturn the verdict was a gamble that almost all white-collar criminal convicts make, and rarely win. It’s a procedural step to challenge a conviction on appeal.
The 38-year-old was convicted of defrauding investors and conspiracy for ...