Two investors have filed class - action lawsuits against Theranos , accusing founder Elizabeth Holmes and former president Ramesh Gupta 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 Smith - Dye have engaged with Berman Sobol Shapiro law firm , which is seeking additional investors and whistleblowers to provide more transparency with its investigation . She bought shares through online exchange platform SharesPost Inc. in August 2015, a couple of months before WSJ's exposé was published. Walgreens and GE Fund Management sued Theranos for $ 140 in early November .
Two investors have filed class - action lawsuits against Theranos , accusing founder Elizabeth Holmes and former president Ramesh Gupta 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 Smith - Dye have engaged with Berman Sobol Shapiro law firm , which is seeking additional investors and whistleblowers to provide more transparency with its investigation . Walgreens and GE Fund Management sued Theranos for $ 140 in early November .