WSJ: Hedge Fund Sues Theranos Over $100M Investment

 (Photo by Steve Jurvetson/Flickr)

The noose is drawing ever-tighter around Theranos. The Wall Street Journal is reporting the San Francisco hedge fund Partner Fund Management is suing the company and its founder, Elizabeth Holmes, for "engaging in securities fraud and other violations," according to a document reviewed by the Journal. The fund has invested nearly $100 million in Theranos, the paper says.

The company is already being sued by patients seeking class-action status in complaints related to inaccurate blood tests.

Last week, Theranos said it was getting out of the consumer blood-testing business, shutting down a handful of remaining blood-testing centers and shuttering its labs.

Read the Journal story below ...

http://www.wsj.com/articles/major-investor-sues-theranos-1476139613

Sponsored

Sponsored

Volume
KQED Live
Live Stream
Log In ToPledge-Free Stream
LATEST NEWSCAST
KQED
NPR
Live Stream information currently unavailable.
Share
LATEST NEWSCAST
KQED
NPR
KQED Live

Live Stream

Live Stream information currently unavailable.