A judge ruled Oct. 12 that the now-defunct Theranos and its former executives must turn over more than 200,000 pages of documents to the U.S. Department of Justice, including contracts the company maintained with various healthcare organizations like the Rochester, Minn.-based Mayo Clinic, Bloomberg reports.
Here are three things to know:
1. During a hearing Oct. 12, U.S Magistrate Judge Susan van Keulen blocked a bid by Theranos' former CEO Elizabeth Holmes and former president Ramesh Balwani that sought to stop the Justice Department from examining company documents. The 200,000-plus pages of information included documents and emails at Theranos from 2016 to 2017, and contracts between the company and prominent healthcare drug companies and research institutions, like Pfizer, Celgene, the Mayo Clinic, Stanford (Calif.) University and Johns Hopkins University in Baltimore.
2. In her order allowing the release of the documents to the Justice Department, the judge noted the federal government's investigation "concerning Theranos is far-reaching, extends beyond the subject matter of the current indictments, and may extend beyond these defendants," the report states.
3. Theranos, which shut down in September, was once valued at $9 billion, Bloomberg reports. The company began unraveling in 2017 amid what prosecutors describe as a massive scheme run by Ms. Holmes and Mr. Balwani to defraud investors, physicians and patients, according to the report. Ms. Holmes settled a civil lawsuit with the U.S. Securities and Exchange Commission in March, while Mr. Balwani's litigation with the agency is ongoing.
To access the full report, click here.