In the months since exposés were published in Vanity Fair and the Wall Street Journal, it's been revealed that Theranos' top-secret technology, which alleged to deliver full diagnostic blood tests with just a pinprick, was actually just old-school intravenous blood tests using competitors' technology. Yikes!
The new lawsuit also says Theranos claimed to have contracts with big players in the medical world, including drug makers, insurance agencies, and hospitals. Its only legitimate partner was Walgreens, which ended up with unsafe and inaccurate blood tests -- 31,000 results had to be thrown out due to faulty testing. Yikes again!