Indirect Share Purchasers Cleared To Sue Theranos

Law360, New York (April 19, 2017, 7:13 PM EDT) -- Investors who purchased Theranos Inc. stocks through a third party can sue the company for securities fraud, and the investment firms that brokered the deals may be on the hook for fraud too, a California federal judge said on Tuesday.

U.S. Magistrate Judge Nathanael Cousins cleared Robert Colman and Hilary Taubman-Dye to continue with their potential class action alleging common law fraud and violations of a section of the California Corporations Code dealing with misrepresentations, but dismissed other claims under the corporations code. He gave the...
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Case Information

Case Title

Colman et al v. Theranos, Inc. et al


Case Number

5:16-cv-06822

Court

California Northern

Nature of Suit

Other Fraud

Judge

Nathanael M. Cousins

Date Filed

November 28, 2016

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