Theranos Shrugs Shoulders On Adding Funds To Investor Suit

By Jack Newsham (May 4, 2017, 5:52 PM EDT) -- Blood testing venture Theranos Inc. told a California federal judge on Wednesday that it was indifferent to roping three investment funds into a potential shareholder class action against it, but reasserted that the plaintiffs have no right to sue after their case survived dismissal.

The company, whose bid for an early win was rejected in April, has argued that the potential class members only own stakes of entities that own stock in Theranos and lack the right to sue because they don't hold any shares themselves. Magistrate Judge Nathanael M. Cousins said he believed that those entities should be joined to...

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