Theranos CEO and founder Elizabeth Holmes. (credit: NBC Today) On Monday, Theranos announced the settlement of two lawsuits that were in response to an alleged “series of lies.” Both suits had been brought by Partner Fund Management LP, a hedge fund that invested $96.1 million in the blood-testing company. In the suits, both filed in the Delaware Court of Chancery, PFM claimed that Theranos mislead investors about the abilities of its blood-testing technology, the Wall Street Journal reports.
Theranos Settles “series Of Lies” Lawsuits From Investor That Chipped In $96m
Beth Mole, Ars Technica
Mon, 05/01/2017 - 5:21pm
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