Elizabeth Holmes sentencing may take place after Labor Day

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Elizabeth Holmes sentencing may take place after Labor Day
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Until the sentencing, the former CEO of Theranos remains free on a $500,000 bond secured by property, according to the filing.

Until then, Holmes remains free on a $500,000 bond secured by property, according to the filing. The prosecution and defense proposed September 12 for a sentencing hearing, stating in the filing that"following Labor Day 2022 would be appropriate in light of ongoing proceedings in a related matter," a reference to the upcoming trial of Holmes' second-in-command at Theranos who faces the same charges as her.

Read MoreBalwani's trial, originally set to begin this week, has been delayed, first due to the length of Holmes' trial -- which spanned four months including deliberations -- and then due to the spread of the Omicron variant of the coronavirus. In a separate court filing Tuesday, the prosecution and defense in Balwani's trial have proposed March 9 as the date to begin jury selection. Balwani has pleaded not guilty.

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