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Theranos investor reportedly sues company, seeks class-action status

Theranos has been slapped with a lawsuit which alleges the embattled consumer health technology company made misleading claims about its business while seeking investments, The Wall Street Journalreported Monday.

The newspaper said Robert Colman, co-founder of investment banking firm Robertson Stephens, filed the lawsuit in federal court in San Francisco. This is the third lawsuit filed by Theranos investors against the company since Oct. 10, but the first to seek class-action status, the Journal said. – READ MORE