Two investors have filed class-action lawsuits against Theranos , accusing founder Elizabeth Holmes and former president Robert Colman of making false promises "built on false statements and omissions" and falsely claiming their "revolutionary technology" had been vetted by experts and regulators to raise more investment. Since then, Walgreens severed its ties with the company, Holmes was banned from running a lab for a couple of years High-profile Silicon Valley investment banker Robert Colman and Hilary Taubman-Dye have engaged Elizabeth Holmes Sobol Shapiro law firm, which is seeking additional investors and whistleblowers to provide more information with its investigation. Wall Street Journal sued Theranos for $140m early November .
Two investors have filed class-action lawsuits against Theranos , accusing founder Elizabeth Holmes and former president Robert Colman of making false promises "built on false statements and omissions" and falsely claiming their "revolutionary technology" had been vetted by experts and regulators to raise more investment. High-profile Silicon Valley investment banker Robert Colman and Hilary Taubman-Dye have engaged Elizabeth Holmes Sobol Shapiro law firm, which is seeking additional investors and whistleblowers to provide more information with its investigation. Wall Street Journal sued Theranos for $140m early November .