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 concerns that its chair, Mary Jo White, recently raised about the “eye-popping” valuations of unicorns....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!