Tag: blood-testing
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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, according to an investor letter filed by the fund. The hedge fund, Partner Fund Management LP, filed the lawsuit in the Delaware Court of…
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Theranos under investigation by several U.S. regulators
(Reuters) – Blood-testing firm Theranos Inc confirmed on Monday it is under investigation by federal prosecutors and the U.S. Securities and Exchange Commission. “The company continues to work closely with regulators and is cooperating fully with all investigations,” a company spokeswoman said. Other agencies which have opened probes against the company include the State Departments…