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Theranos accused of setting up secret company in lawsuit

Commercial machines were used to run majority of blood tests, claims investor PFM
FT.com

Theranos to pay Arizona customers $4.7 million in settlement

(Reuters) - Embattled blood-testing company Theranos Inc will pay $4.65 million to customers in Arizona who used its services between 2013 and 2016, the state's attorney general said on Tuesday.
Reuters

Videos for theranos

News video: 8 of the world's youngest billionaires

8 of the world's youngest billionaires 00:51

Mark Zuckerberg: Facebook ($46.1 billion) Dustin Moskovitz: Asana ($9.3 billion) Yang Huiyan: Country Garden Holdings ($5.9 billion) Eduardo Saverin: 99 ($5.3 billion) Elizabeth Holmes: Theranos ($4.5..
Source: Wibbitz Studio -

News video: Trump family business launches new hotel chain, and other MoneyWatch headlines

Trump family business launches new hotel chain, and other MoneyWatch headlines 01:08

Up to 100 new Trump-run hotels coming to U.S.; Theranos persuading investors not to sue; and game over for 150 GameStop stores. These headlines and more from CBS MoneyWatch.
Source: CBS News -

 

Theranos reaches agreement with U.S. health regulator

(Reuters) - Theranos Inc said on Monday it would stay out of the blood-testing business for at least two years in exchange for reduced penalties from federal health authorities.
Reuters

Further reading

The Wall St informant who double-crossed the FBI; the art of illiquid security pricing; don't sue and you too can have moar Theranos shares... not that Murdoch would want any; why Belle should have..
FT.com

Arizona AG plans to sue Theranos over blood-testing devices

(Reuters) - The Arizona Attorney General plans to file a lawsuit against Theranos Inc over a "long-running scheme of deceptive acts and misrepresentations" related to the company's blood-testing..
Reuters

Murdoch faces huge writedown on Theranos investment

Scandals at blood-testing start-up could see media tycoon losing most of $100m backing
FT.com

Walgreens demands $140m refund from busted bio biz Theranos


The Register

Walgreens sues Theranos for breach of contract, seeks $140 million

(Reuters) - Walgreens Boots Alliance Inc sued Theranos Inc on Tuesday, seeking $140 million in damages while accusing its onetime lab-testing partner of breaching a contract, according to court..
Reuters

California hedge fund accuses Theranos of telling a 'lies' to attract investment of $100m

california hedge fund accuses theranos of telling a 'lies' to attract investment of $100m
San Francisco-based hedge fund, Partner Fund Management (PFM) has filed a lawsuit against Theranos and founder Elizabeth Holmes for 'lying' to attract an investment of nearly $100 million.
MailOnline

What other papers say

Here are today's top stories from across the papers: *Financial Times* -EpiPen settlement moves major risk aside - FITCH- Mylan’s announcement on Friday that it would pay $465m (£376m) to..
City A.M.

U.S. hedge fund files lawsuit accusing Theranos of fraud

(Reuters) - A San Francisco-based hedge fund has filed a lawsuit against Theranos Inc, accusing the blood testing company of using fraudulent methods to attract an investment of nearly $100 million,..
Reuters

Theranos accused of ‘series of lies’

Hedge fund PFM invested $96m during fundraising by blood-testing group
FT.com


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