Justice Department Denied Stay Of Theranos Defendant’s SEC Case

Mealey's (June 19, 2019, 11:41 AM EDT) -- SAN JOSE, Calif. — A California federal judge on June 14 allowed the U.S. Justice Department to intervene in a civil Securities and Exchange Commission lawsuit against former Theranos Corp. President Ramesh “Sunny” Balwani but denied the government’s motion to stay the securities case while Balwani is prosecuted in a separate criminal case (Securities and Exchange Commission v. Ramesh “Sunny” Balwani, No. 18-cv-1603, N.D. Calif., San Jose Div., 2019 U.S. Dist. LEXIS 100335)....

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