• Court documents reveal more shady dealings by Theranos

    4 monthes ago - By Engadget

    Things just got a lot worse for Theranos, the beleaguered blood-testing company that's seen its share of bad press and class-action lawsuits. The latest complaint is mostly based on testimony from 22 former employees and directors, according to the W...
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  • Theranos is being accused of running fake tests using outside lab gear

    Theranos is being accused of running fake tests using outside lab gear

    4 monthes ago - By Business Insider

    New court filings allege that Theranos used a shell company to purchase commercially available lab equipment and faked blood tests in presentations with prospective investors and business partners, The Wall Street Journal reported Friday .
    The documents were filed as part of Partner Fund Management's lawsuit against the blood-testing company.
    Before October 2016, Theranos's business model was based around the idea that it ran blood tests using proprietary technology that requires only a small amount of blood.
    Theranos said in a statement:
    "This is a one-sided filing by one party to...
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  • Theranos says it has been mischaracterized in allegations the company faked tests

    Theranos says it has been mischaracterized in allegations the company faked tests

    4 monthes ago - By TechCrunch

    Theranos secretly bought lab equipment through a shell company, faked tests and inappropriately pumped up its financial outlook to investors, according to allegations in recently unsealed court documents, first reported by the Wall Street Journal. Partner Fund Management LP, a hedge fund management firm which invested $96 million in Theranos filed the claim in Delaware Chancery Court on...
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