Third Theranos lawsuit brings Walgreens into the mix

Another potential class action lawsuit has been slapped on top of two others against Palo Alto, Calif.-based blood testing startup Theranos — only this one also names Deerfield, Ill.-based Walgreens Boots Alliance as a defendant.

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

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months