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Theranos accused in court filing of misleading its board, investors

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Theranos misled its directors and funders and used a shell company to "secretly" buy commercial lab equipment, according to a lawsuit filed by a former investor. The Wall Street Journal reported those accusations are contained in newly unsealed court filings from a lawsuit by Partner Fund Management LP, a hedge fund suing Theranos. Lawyers for Partner Fund also accuse Theranos of running “fake ‘demonstrations tests’ for prospective investors and business partners” using commercial devices…

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