The Wall Street Journal: Theranos settles lawsuit from investors claiming they were defrauded

Theranos Inc., running on financial fumes, settled a suit filed by investors who had alleged they were defrauded by the blood-testing firm.

The pact ends a civil case brought by Robert Colman, a former Silicon Valley investment banker, and other plaintiffs who made indirect investments in Theranos, court records filed Friday show. They alleged that Theranos made false and misleading statements about its technology.

The company previously reached costly settlements with a major investor and its former retail partner Walgreens Co. WBA, +0.08% , and settled civil fraud allegations by the Securities and Exchange Commission in March without admitting or denying wrongdoing.

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