Good day. The prosecution of Theranos founder Elizabeth Holmes will resume, a former bankruptcy lawyer is branching out into corporate consulting and a nanotechnology firm collapsed into bankruptcy.

The Theranos prosecution's witnesses. The first few witnesses expected to testify in the criminal trial of Elizabeth Holmes will likely offer crucial testimony that goes to the heart of the government’s fraud case against the Theranos Inc. founder. This first batch of witnesses have previously, in media appearances or separate court cases tied to Theranos, made statements that back up the government’s key arguments.

Ex-bankruptcy lawyer turns focus to corporate diversity. Jon Henes, a former bankruptcy partner at law firm Kirkland & Ellis LLP, has co-founded a consulting firm focused on helping companies boost diversity and inclusion efforts and manage controversies. Mr. Henes, 52 years old, formed C Street Advisory Group with professionals he met while fundraising in 2019 for then-presidential candidate Kamala Harris and other Democrats.

Nanotechnology firm to liquidate after alleged CEO fraud. A New York nanotechnology company will liquidate in bankruptcy after federal authorities charged its former chief executive last year with duping investors out of $12.2 million based on a cancer-detection technology that turned out to be bogus.

Troubled firm GPB Capital sells dealerships for $880 million. Private-equity firm GPB Capital Holdings LLC, currently facing fraud allegations from the Securities and Exchange Commission and more than a half-dozen states, is selling its Prime Automotive Group of car dealerships amid the criminal fraud trial of GPB founder David Gentile and two associates who were involved in its creation in 2013.

Bankruptcy judge defends settlement with Purdue Pharma's Sackler family. The bankruptcy judge who approved a roughly $4.5 billion settlement shielding the family who owns OxyContin maker Purdue Pharma LP from civil opioid lawsuits defended his decision, saying he became a judge "to get things right." Judge Robert Drain said the court and lawyers representing Purdue, its creditors and state authorities "have tried to do the right thing" during the drugmaker's bankruptcy case.

He was responding to a woman whose son died from opioids and urged him to reconsider his decision approving Purdue's settlement with its Sackler family owners and the company's broader restructuring plan.

The judge denied her request and said although the restructuring plan isn't perfect, it was worthy of approval and is supported by legal precedent. State attorneys general from Washington state and Connecticut intend to challenge the bankruptcy plan in an appeal. — Jonathan Randles

Lenders who provided Talen Energy Corp. with a $690 million credit line have begun working with Davis Polk & Wardwell to navigate upcoming debt talks, according to people with knowledge of the situation. (Bloomberg)

Intelsat SA won court approval to increase the size of its bankruptcy loan to $1.5 billion, while its special committee got the nod to compel certain documents from dissenting convertible note holders. (Bloomberg)

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