Several healthcare fraud cases have advanced or resolved this month, including the case of Elizabeth Holmes, who got state lawmakers and Governor Doug Ducey to change Arizona law in 2015 to financially benefit her company.
Holmes goes to trial this week on charges of fraud and conspiracy after she “knowingly misrepresented the...
In an email to shareholders, CEO David Taylor said the company will try to pay unsecured creditors with about $5 million in remaining cash.
The Silicon Valley firm said big name investors had lost about $1 billion.
In June of this year, a federal grand jury indicted Theranos founder Elizabeth A. Holmes and former president Ramesh...Arizona News
Theranos, a blood-testing start-up that promised to revolutionize consumers' access to their medical information, was a Silicon Valley darling once valued at $9 billion.
Holmes had a Cinderella angle: a college dropout-turned-chief executive who had assembled a company board filled with powerful ex-government and military leaders and...Arizona News
Thousands of blood tests were sold in Arizona between 2013 and 2016 while "misrepresenting the method, accuracy, and reliability of its blood testing." According to Theranos, 10 percent of the tests were voided or corrected.
Arizona Attorney General Mark Brnovich sued the diagnostic blood laboratory. Brnovich announced a settlement...