A San Francisco hedge fund has reportedly sued Theranos, accusing it of lying to get a $100 million investment.
The Wall Street Journal cited a fund document and unnamed sources who said that Partner Fund Management LP disclosed the lawsuit in a letter to investors.
“Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company,” the letter reportedly…
A San Francisco hedge fund has reportedly sued Theranos, accusing it of lying to get a $100 million investment.
The Wall Street Journal cited a fund document and unnamed sources who said that Partner Fund Management LP disclosed the lawsuit in a letter to investors.
“Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company,” the letter reportedly…