IF YOU PURCHASED THERANOS BLOOD TESTING SERVICES, YOU MAY BE ENTITLED TO A CASH PAYMENT FROM A CLASS ACTION SETTLEMENT.
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What is this lawsuit about?
Proposed settlements have been reached in a class action lawsuit arising out of Theranos blood testing services marketed to consumers in Walgreens retail stores in Arizona and California.
The lawsuit, In re Arizona Theranos, Inc., Litigation, Case No. 2:16-cv-2138, is pending in the U.S. District Court for the District of Arizona. The Class Members have reached proposed settlements with Defendants Walgreens Boots Alliance, Inc. and Walgreen Arizona Drug Co. (together called “Walgreens”), Defendant Ramesh (“Sunny”) Balwani, and the entity that holds the remaining assets of the now-dissolved Theranos, Inc. (the “Theranos ABC”). Walgreens and Balwani deny all allegations in the lawsuit. The Court has not decided who is right or wrong. The parties have agreed to the settlements to avoid the expense, uncertainty, and risks associated with litigation.
Under the proposed settlement with Walgreens, Walgreens must pay $44 million into a Settlement Fund, which will be used to pay Class Members after deducting administration costs, attorneys’ fees and expenses and any service awards for the class representatives, taxes and tax expenses, and any other Court-approved deductions. In addition, Mr. Balwani has agreed to withdraw his claims to the remaining assets of Theranos, and the Theranos ABC has agreed to allocate a portion of the limited remaining Theranos assets to the Class, which if approved will add approximately $1.33 million to the money available for distribution to the Class and increase the settlement payment amounts for Class Members. Class Members will receive payments that are based on the costs of their Theranos blood testing services, with some adjustments. See FAQ 11 and FAQ 12 for details.
Who is included?
The Court previously certified a Class and three Subclasses in this case. Notice about the Court’s decision to certify the Class and Subclasses was provided to the Class in 2022 by mail, email, and other means. Now, another notice is being provided, this time about the settlements. If you have received a notice about the settlements by mail or email, then Theranos’s records indicate that you are a member of the Class and one or more of the Subclasses. The Class and Subclasses are defined in FAQ 4.
If your name and address are correct on your Notice, you do not need to take any action to receive a check from this settlement. You can view the estimated amount of your settlement payment and, if the name or address information on your Notice are incorrect, you may update your contact information by visiting the Update Contact Information/View Payment Estimate page of this website.
|YOUR LEGAL RIGHTS AND OPTIONS
||Receive a payment if you are in the Class. See FAQ 11 and FAQ 12 for details.
|OBJECT OR COMMENT ON THE SETTLEMENT
||Object or comment on the settlement by January 8, 2024. See FAQ 17 for details. If you are in the Class and the settlement with Walgreens becomes final, you will still receive a payment.