Kessler Topaz Meltzer & Check, LLP Announces Investigation of Theranos, Inc. on Behalf of Investors

RADNOR, Pa., March 21, 2016 -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that it has recently expanded its investigation of Theranos, Inc. (“Theranos” or the “Company”) on behalf of the Company’s investors.

Theranos investors who wish to discuss this investigation and/or their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or at [email protected].  For additional information about the investigation, or to request information about the investigation online, please visit www.ktmc.com/theranos-inc.

On January 27, 2016, The Wall Street Journal reported that “Federal inspectors found ‘deficient practices’ at a Theranos Inc. laboratory that ‘pose immediate jeopardy to patient health and safety.’”  The article further reported that the recent inspection had “uncovered five major infractions that violate the federal law governing clinical labs,” and that one infraction was defined “as a situation ‘likely to cause, at any time, serious injury or harm, or death, to individuals served by the laboratory or to the health and safety of the general public.’”

Most recently, on March 8, 2016, The Wall Street Journal reported that a “federal inspection report said a Theranos Inc. laboratory ran an important blood test on 81 patients in a six-month period despite erratic results from quality-control checks meant to ensure the test’s accuracy,” and that “[i]nnacurate results from the test can be especially serious for patients.”  Citing people familiar with the inspection report, The Wall Street Journal further reported that “the report also found that the lab’s director didn’t have responsibility for the lab’s quality control program and the lab’s quality-control manager was unqualified.”

Theranos investors who wish to discuss this investigation and/or their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or at [email protected].  Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country.  Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  For more information about Kessler Topaz Meltzer & Check please visit www.ktmc.com.

CONTACT: 
Kessler Topaz Meltzer & Check, LLP
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299 - 7706
(610) 667 - 7706
[email protected]