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Theranos Will Dissolve, Seeks to Settle Claims

Discredited lab company wants to dissolve as better solution than filing a bankruptcy action

CEO SUMMARY: It appears that the final chapter in what many call Silicon Valley’s biggest investor fraud will conclude this week. Theranos, Inc., the once high-flying lab testing company, is to be dissolved and its remaining cash and intellectual property will be distributed, according to CEO and General Counsel David Taylor. Meanwhile, Theranos founder Elizabeth …

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