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...
To view the full article, register now.

Documents

Related

Sections

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

Law Firms

Companies

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.