Kessler Topaz Meltzer & Check, LLP Announces Investigation of Theranos, Inc. on Behalf of Investors

RADNOR, Pa.--()--The law firm of Kessler Topaz Meltzer & Check, LLP announces that it has expanded its investigation of Theranos, Inc. (“Theranos” or the “Company”) on behalf of the Company’s investors, following news reports that Theranos is the subject of a criminal probe by federal prosecutors and the Securities and Exchange Commission (“SEC”).

Theranos investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP (D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or at info@ktmc.com to discuss their legal options. For additional information about the investigation, or to request information about this investigation online, please visit www.ktmc.com/theranos-inc.

On April 13, 2016, The Wall Street Journal reported that “federal health regulators have proposed banning Theranos Inc. founder Elizabeth Holmes from the blood-testing business for at least two years after concluding that the company failed to fix what regulators have called major problems at its laboratory in California.” Among other things, the regulators “found that Theranos failed to adequately correct 43 of 45 deficiencies identified by inspectors last year.”

On April 18, 2016, The Wall Street Journal reported that federal prosecutors, with assistance from the FBI, had launched a criminal investigation “into whether Theranos Inc. misled investors about the state of its technology and operations.” As detailed in the article, federal officials requested information about Theranos in January and February, and followed those requests with “grand-jury subpoenas from a federal court in San Francisco in March.” In addition to the criminal probe, the article also reported that the SEC was “examining whether Theranos made deceptive statements to investors when it solicited funding.”

Theranos investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP (D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or at info@ktmc.com to discuss their legal options. For additional information about the investigation, or to request information about this investigation online, please visit www.ktmc.com/theranos-inc.

Kessler Topaz Meltzer & Check prosecutes class actions on behalf of investors in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. For more information about Kessler Topaz Meltzer & Check please visit www.ktmc.com.

Contacts

Kessler Topaz Meltzer & Check, LLP
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
888-299-7706
610-667-7706
info@ktmc.com

Release Summary

Kessler Topaz Meltzer & Check, LLP Announces Investigation on Behalf of Theranos, Inc. Investors

Contacts

Kessler Topaz Meltzer & Check, LLP
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
888-299-7706
610-667-7706
info@ktmc.com