Theranos, Inc. & Walgreens Boot Alliance
Case Overview and Status
In 2014, Theranos began pitching a revolutionary technology that it said could perform hundreds of health tests with a single pinprick of blood—and with fast, automated, and inexpensive results. Theranos teamed up with Walgreens to market the product and offer it in certain Walgreens stores. However, the vaunted technology did not work. Thousands of test results were invalidated or called into question; and Theranos founder Elizabeth Holmes and COO Ramesh “Sunny” Balwani have since been criminally convicted. The fraud received widespread media attention, including in a popular book, documentaries, and other television programs. The class here consists of consumers in Arizona and California who were subject to Theranos’s testing technology.
After nearly seven years of litigation, Keller Rohrback and co-lead counsel secured a $44 million settlement with some of the defendants to resolve class claims arising from the Theranos blood testing scandal. The final approval order, signed by U.S. District Judge David G. Campbell on February 6, 2024, establishes a nonreversionary $44 million common fund to provide consumers approximately double their Theranos testing costs, and an additional $1,000 (approximate) for members of the subclass who participated in Walgreens tiny blood draws. To register for important updates, please visit the settlement administrator’s website (https://www.theranoslawsuit.com/) for this litigation.
Related News Articles
9/7/23 – Law360 – Walgreens Cuts $44M Deal to End Theranos Consumer Suits
5/5/23 – Law360 – Walgreens to Face Theranos Class Action
11/8/16 - CNN Money – Walgreens Sues Theranos for Breach of Contract
10/12/16 - Law360 – Theranos, Walgreen Blood-Test Suits Consolidated in Ariz.
9/19/16 - Law360 – Faulty Blood Test Suits Pile Up Against Theranos, Walgreens
9/10/16 - Fortune – Embattled Blood Testing Startup Theranos Sued by Investor
Our Firm
Keller Rohrback, with offices in New York, Seattle, Phoenix, Portland, Oakland, Missoula, and Santa Barbara, serves as lead and co-lead counsel in class actions throughout the country. Our Complex Litigation Group is proud to offer its expertise to clients nationwide, and our trial lawyers have obtained judgments and settlements on behalf of clients in excess of $78 billion dollars.
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