We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC's Theranos Probe Shows Unicorn Hunt Not A Myth

Law360, New York (April 19, 2016, 10:11 PM EDT) -- The news that blood-testing company Theranos Inc. is under investigation by the U.S. Securities and Exchange Commission offers the latest proof that the Wall Street regulator has its sights trained on Silicon Valley’s privately held unicorns.

The widely reported disclosure that both the SEC and the U.S. attorney’s office in San Francisco have opened investigations into Theranos marks the latest escalation of woe for the once high-flying private company that’s been valued at $9 billion.

But it also shows how the SEC is following up on...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.