NEW YORK (360Dx) – Theranos said on Monday that it has reached a settlement agreement on two lawsuits brought against the firm by hedge fund Partner Fund Management, which had accused Theranos of lying to it in order to attract investments.

Ther terms of the settlement were not disclosed, but PFM will dismiss all claims against Theranos and its officers and directors, Theranos said in a statement.

PFM had invested $96.1 million in Theranos in early 2014, but last October, it sued Theranos, alleging the blood testing firm deceived it into investing into the company.

To read the full story....

Register for Free.

...and receive Daily News bulletins.

Already have an account?
Login Now.