Theranos Inc. Settlement

The world of medical technology was once captivated by the promise of Theranos, Inc., a health technology corporation that claimed to have revolutionized blood testing. However, in a dramatic turn of events, the company and its key figures, including founder Elizabeth Holmes and former president Ramesh Balwani, are now facing a class action lawsuit. The suit alleges that the company's blood testing services were not market-ready and that the defendants concealed these facts from the public.

Deciphering the Dollars: What's the Settlement Amount?

The specific settlement amount in the In re Arizona Theranos, Inc., Litigation is not provided in the information available. The plaintiffs are seeking monetary relief, including refunds for the testing services, punitive damages for fraud, and damages for the dignitary harm incurred by customers whose blood was drawn by Walgreens employees with fingerpricks.

Time is Ticking: What are the Important Dates?

Unfortunately, the final approval date, fairness hearing date, and claim deadline are not provided on the settlement website. The next steps for the settlement are also not provided. However, individuals who believe they may be eligible for an award can contact the Claims Administrator for more information.

Who are the Class Members?

The lawsuit involves individuals who purchased Theranos blood testing services between November 2013 and June 2016. The court has certified a Class and three Subclasses:

• The Class includes all purchasers of Theranos testing services.
• The Arizona Subclass includes all purchasers of Theranos testing services in Arizona.
• The California Subclass includes all purchasers of Theranos testing services in California.
• The Walgreens Edison Subclass includes all purchasers of Theranos testing services who were subjected to 'tiny' blood draws (fingerpricks) by a Walgreens employee.
  

What Can Class Members Claim?

The specific amount of the award is not provided in the information given. However, the plaintiffs are seeking monetary relief, including refunds for the testing services, punitive damages for fraud, and damages for the dignitary harm incurred by customers whose blood was drawn by Walgreens employees with fingerpricks.

Is Proof Required to Claim the Reward?

Yes, proof is required to claim the reward. However, the specific details about the required proof are not provided in the information given.

Why is There a Class Action Settlement?

The class action lawsuit alleges that Theranos's blood testing services were not capable of producing reliable results, and that the defendants concealed these facts. The plaintiffs also claim that Theranos's 'tiny' blood technology, which involved blood drawn by fingerpricks, was still in development and that Walgreens committed battery on customers whose blood was drawn by Walgreens employees with fingerpricks because those customers consented under false pretenses.

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