Oct
11
Theranos Sued by Investor Who Accuses It of Securities Fraud
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A lawsuit names Elizabeth Holmes, founder and chief executive of Theranos, as a defendant. CreditCarlos Chavarria for The New York Times
Theranos, the beleaguered Silicon Valley blood-testing company, is being accused of securities fraud by a major investor who has sued contending “myriad deceptions, falsehoods and fraudulent conduct.”
Partner Fund Management, a San Francisco hedge fund, filed the lawsuit on Monday in the Delaware Court of Chancery, according to a letter sent to its investors.
The suit is under seal, but the fund confirmed in a statement that it was taking legal action against Theranos…
Theranos Sued by Investor Who Accuses It of Securities Fraud
