Walgreen’s sues blood-testing company for $140 million

The most recent billionaire to fall from grace, Elizabeth Holmes, fooled Stanford University, Walgreen’s drug chain and a major investment firm by falsely claiming her company, Theranos, had a machine that could perform 23 blood analyses from a single drop of blood.  Theranos is now facing a $140 million lawsuit for damages from Walgreen’s for breach of contract.  Walgreen’s was ready to install the machines in their stores when the bottom fell out of Theranos when its technology was revealed to be useless.  [Wall Street Journal Nov 8, 2016] It couldn’t have happened to a nicer billionaire, even if her paper wealth was short lived.

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