Theranos Settles Lawsuit With Partner Fund

Theranos Inc. settled a lawsuit alleging the company and its founder, Elizabeth Holmes, defrauded a San Francisco hedge fund into making a $96.1 million investment through “a series of lies,” the company said Monday.

Neither Theranos nor the hedge fund that filed the suit, Partner Fund Management LP, disclosed the terms of the settlement. Partner Fund had said it sought to recoup its entire investment as well as damages.

Source: www.wsj.com www.wsj.com

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