Theranos Lawsuit Alleges Fraud and Misrepresentation
Audet & Partners, LLP in investigating claims by consumers who purchased Theranos blood tests from Walgreens. In May 2016, it was disclosed by Theranos that its testing methodology and technology were inaccurate. At that time, Theranos informed regulators that Theranos had voided “all” of the Company’s blood-testing results from its Edison machines, as well as many tests run on other machines from 2014 and 2015.
At market inception, Theranos had heavily promoted its blood testing protocol as a far less invasive and more convenient alternative to traditional blood tests that required needles and tubes to draw blood. In contrast, the Theranos blood testing could take place outside of a laboratory, and required only a few drops of blood from a handheld device.