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17 results
January 9, 2022
Elizabeth Holmes may have been found guilty of fraud, but the moral of the story is less clear.
September 12, 2021
In federal court, lawyers for the US government have begun pressing fraud charges against Elizabeth Holmes, founder of Theranos. Where are investors in the failed blood-testing startup today?
September 6, 2018
About five months after laying off more than 100 employees and seeking a round of last-gasp funding, Theranos has informed its stockholders that the blood-testing company plans to close its doors...
June 18, 2018
Theranos founder Elizabeth Holmes and former president Ramesh Balwani have been indicted on criminal wire fraud and conspiracy charges. The allegations are related to the company's "multi-million...
June 1, 2018
For all the success Silicon Valley has enjoyed in this business cycle the ongoing implosion of Theranos is a festering blemish. Here's a look at how it played out, in real dollars.
April 11, 2018
A letter from Elizabeth Holmes to shareholders reveals Theranos will go out of business this summer if existing investors don't pitch in—and says remaining employees are helping wind it down.
March 15, 2018
The SEC has sued Theranos, alleging the embattled blood-testing business raised more than $700 million from investors through "an elaborate, years-long fraud." The complaint accuses the company of...
August 2, 2017
Embattled blood-testing startup Theranos has reached a settlement in its lawsuit with Walgreens, which had previously allowed Theranos to operate blood-testing sites in more than 40 of its...
May 31, 2017
Theranos, the embattled startup that’s been accused in several lawsuits of overstating the capabilities of its blood-testing technology, has given some of its investors new stock in exchange for a...
January 13, 2017
In the latest in a growing spate of lawsuits against blood testing company Theranos, the Arizona attorney general’s office is looking for outside counsel to sue the company for consumer fraud....
January 9, 2017
Less than two years ago, Theranos was worth $9 billion and poised to go down in Silicon Valley history for its one-drop blood-testing technology. Now, the embattled company—which has been sued...
November 29, 2016
Robertson Stephens co-founder Robert Colman has filed suit against Theranos, reportedly accusing the embattled company of making false and misleading claims about its blood-testing technology....
November 9, 2016
Walgreens has filed a $140 million lawsuit against Theranos, according to The Wall Street Journal. Under a now-defunct partnership, Theranos ran blood-draw sites in 40 Walgreens locations in the...
October 11, 2016
Theranos is the target of a lawsuit filed by a hedge fund that invested $96 million in the startup, per The Wall Street Journal. The Partner Fund Management suit alleges, among other things, that...
October 7, 2016
Theranos has announced it will close all clinical labs and Theranos Wellness Centers in Arizona, California and Pennsylvania and lay off approximately 340 workers. The company plans to devote its...