“Theranos Settle Investor Suit As Firm Runs Low on Funds,” The Wall Street Journal, July 23, 2018 B3. Investors alleged Theranos had defrauded them by making false statements about the company’s technology.
This joins the long (and growing) list of people suing for harm caused by this company. Are the directors in the dock? The CEO and former president are.
False statements are information, in a sense. The is the kind of basic, bog standard stock fraud that led to the creation of the SEC.
Who’s going to get the last drop of blood out of this stone?
infogovnuggets 