Theranos, led by charismatic founder Elizabeth Holmes, became a billion-dollar startup on the promise of a pinprick blood test that doesn’t work. Walgreens, a retailer suckered into partnering the scam, is suing what’s left of it for $140m.
Walgreens has filed suit against Theranos in Delaware district court, asking for $140 million and alleging a breach of contract.
Walgreens successfully moved to seal the complaint, citing the non-disclosure agreement, so the details of the alleged contractual breach are still unknown. A Walgreens spokesperson confirmed that the company had filed the lawsuit, but declined to add further comment.
Walgreens operated the “Theranos wellness centers,” but apparently never bothered to validate the technology. (Previously)
Photo: Steve Jurvetson (CC BY 2.0)