Oct

Theranos Sued by Partner Fund Management Over Fraud Claims

Theranos Inc. and founder Elizabeth Holmes were sued by a hedge fund that said it was fraudulently induced to make an investment in the company.

Partner Investments LP filed a complaint Monday in Delaware Chancery Court to rescind its investment agreement. The suit follows the company’s announcement last week that it’s closing its blood-testing labs and firing 340 people…

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Theranos Sued by Partner Fund Management Over Fraud Claims

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