This third lawsuit, filed by Redlands, Calif.-based law firm McCuneWright — the firm that filed the first lawsuit against Theranos — is similar to its two predecessors in that it is based on allegations of false and misleading marketing. The complaint alleges Theranos and Walgreens used false advertising, unfair business practices, fraud, negligent misrepresentation and deceit.
Walgreens has a $50 million stake in the startup and hosts 40 Theranos clinics in its Arizona stores. Following reports of Theranos’ lab issues, Walgreens has been seeking a way to terminate its partnership.
More articles on legal and regulatory issues:
BCBS of North Carolina sues feds over $147M in ACA payments
Cigna ordered to pay $13M to physician-owned hospital
Dermatologist sues Anthem Blue Cross for ‘unethical’ narrow network
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit