The move comes after founder Elizabeth Holmes settled a shareholderlawsuit in July aimed at recovering whatever can be salvaged fromthe fallen blood testing startup. (Photo:: David PaulMorris/Bloomberg via Getty Images)
Theranos Inc., the Silicon Valley blood testing company accused of defrauding investors, will formally dissolve,the Wall Street Journal reported.
The company will seek to pay unsecured creditors its remainingcash in coming months, the Journal said, citing a shareholderemail. The move comes after founder Elizabeth Holmes settled a shareholder lawsuitin July aimed at recovering whatever can be salvaged from the fallen bloodtesting startup.
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