Keyword: walgreens

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  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Theranos and David Boies Cut Legal Ties

    11/19/2016 12:07:29 AM PST · by CorporateStepsister · 13 replies
    The Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Theranos and David Boies Cut Legal Ties

    11/18/2016 11:53:04 PM PST · by CorporateStepsister · 7 replies
    Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Why is Elizabeth Holmes still leading Theranos?

    11/18/2016 11:38:20 PM PST · by CorporateStepsister · 25 replies
    San Francisco Business Times ^ | Nov 18, 2016, 1:40pm PST | Ron Leuty Reporter San Francisco Business Times
    It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper — one of the first to invest in the Palo Alto company — implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...
  • Theranos Whistleblower Tells All On Intimidation And Coercion Tactics Employed To Silence Him

    11/18/2016 12:05:55 AM PST · by CorporateStepsister · 26 replies
    Zero Hedge ^ | Nov 17, 2016 7:20 PM | by Tyler Durden
    2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...
  • Theranos Whistleblower Shook the Company—And His Family

    11/16/2016 6:06:29 PM PST · by CorporateStepsister · 18 replies
    Wall Street Journal ^ | November 16 2016 | By John Carreyrou
    After working at Theranos Inc. for eight months, Tyler Shultz decided he had seen enough. On April 11, 2014, he emailed company founder Elizabeth Holmes to complain that Theranos had doctored research and ignored failed quality-control checks. The reply was withering. Ms. Holmes forwarded the email to Theranos President Sunny Balwani, who belittled Mr. Shultz’s grasp of basic mathematics and his knowledge of laboratory science, and then took a swipe at his relationship with George Shultz, the former secretary of state and a Theranos director. “The only reason I have taken so much time away from work to address this...
  • Theranos CEO Elizabeth Holmes is a victim, venture capitalist Tim Draper says

    11/16/2016 1:02:01 AM PST · by CorporateStepsister · 6 replies
    CNBC ^ | November 15 2016 | Michelle Fox | @MFoxCNBC
    Embattled Theranos CEO Elizabeth Holmes is a victim who has been "totally attacked," venture capitalist Tim Draper told CNBC on Tuesday. Holmes has been under fire since a series of reports by The Wall Street Journal suggested the blood-testing start-up's testing devices were flawed. "Elizabeth Holmes is a great example of maybe why the women are so frustrated. She is a woman entrepreneur who built a fabulous company, did great things for consumers and she got attacked," the founding partner of Draper Associates and Draper Fisher Jurvetson said in an interview with "Closing Bell." "This is a great entrepreneur who...
  • Walgreens Claims Theranos Voided 11.3% of Test Reports

    11/16/2016 12:57:38 AM PST · by CorporateStepsister · 10 replies
    Wall Street Journal ^ | Nov. 15, 2016 10:25 p.m. ET | By Christopher Weaver
    Theranos Inc. allegedly voided 11.3% of all blood-test reports that the Silicon Valley laboratory firm provided to customers of Walgreens stores through a yearslong partnership between the two companies, according to legal papers the drugstore chain filed Tuesday. Theranos, whose main lab failed an inspection by U.S. regulators earlier this year, told Walgreens in June that it subsequently voided 31,000 test reports provided to the chain’s customers, Walgreens said in the public version of a sealed lawsuit.
  • Walgreens Turns on Theranos in $140M Suit for Breach of Contract

    11/12/2016 2:19:03 AM PST · by CorporateStepsister · 8 replies
    Inside Counsel ^ | November 11, 2016 | By Ben Hancock
    SAN FRANCISCO – Walgreens has filed a $140 million breach of contract suit against Theranos Inc., compounding the woes of the Silicon Valley-based medical device startup. The suit was filed under seal in Delaware federal court on Tuesday. It's not clear what exactly the Illinois-headquartered pharmacy chain is alleging, but the docket describes the case as a breach of contract suit with a demand of $140 million.
  • Houston lawyer wearing Nazi uniform opens fire at mall; nine injured, suspect shot dead by police

    09/26/2016 4:10:04 PM PDT · by Trump20162020 · 70 replies
    The New York Daily News ^ | 09/26/2016 | Christopher Brennan
    A Houston lawyer wearing a Nazi uniform— evidently facing issues with his firm — opened fire near a strip mall, wounding nine people before he was shot dead by police, authorities said. Shots rang out around 6:30 a.m. local time in southwest Houston near an intersection with a grocery store, Walgreens and Chuck E. Cheese. The attacker used a tree near his car for cover as he exchanged gunfire with several officers in a nearby neighborhood before he was killed, officials said at an afternoon press conference.
  • Glencoe Man who Threatened to Shoot Up Walgreens Gets Probation

    08/31/2016 9:22:32 PM PDT · by ButThreeLeftsDo · 15 replies
    KSTP.com ^ | 8/313/16 | Jennie Lissarrague
    A Minnesota man was sentenced Wednesday after he pleaded guilty to threatening to "shoot up" a Walgreens. Twenty-three-year-old Abdul Raheem Habil Ali-Skelton of Glencoe pleaded guilty to terroristic threats April 25 and was sentenced Wednesday to 28 days in prison, which he has already served. He will be on supervised probation for three years. According to the criminal complaint, Ali-Skelton went to the Brooklyn Park store early Sunday, March 27, and accused a customer of having a relationship with his girlfriend, then threatened to hit him with a bottle. Ali-Skelton also threatened to "shoot up the place" and said he...
  • Police seek help identifying man snooping in Walgreens women's bathroom

    06/23/2016 3:00:37 PM PDT · by Morgana · 14 replies
    billingsgazette.com ^ | June 22, 2016 | Gazette Staff
    Billings Police are asking for the public’s assistance to identify a man who was prowling inside a women’s bathroom in the Walgreens at 3333 Grand Ave. A BPD news release described the suspect as a white man in his late teens. He is about 5 feet 9 inches tall, weighs about 155 pounds and has dark shaggy hair. The man was seen driving a dark blue 1980s Ford Tempo with Montana license plates.
  • Walgreens to Buy Rite Aid for $9.4 Billion

    10/27/2015 3:40:20 PM PDT · by ConservativeStatement · 58 replies
    Dow Jones Newswires ^ | October 27, 2015
    Walgreens Boots Alliance Inc. agreed to buy Rite Aid Corp. for about $9.4 billion, in a move that would create a drugstore giant at a time when companies in nearly every corner of the health-care industry are seeking to gain advantage from bulking up. Walgreens agreed to pay $9 a share in cash for Rite Aid, offering a 48% premium to Rite Aid's closing price Monday. Rite Aid's stock rose 43% to $8.67 Tuesday after The Wall Street Journal reported on the deal talks.
  • That giant sucking sound in Chicago comes from these HQs

    08/18/2015 5:16:11 PM PDT · by george76 · 13 replies
    Crain's Chicago Business ^ | August 15, 2015 | JOE CAHILL
    From Allstate, CME Group and McDonald's to Motorola Mobility and Walgreens Boots Alliance, it's hard to think of a big company in metro Chicago that's not cutting head office staff. Corporate headquarters operations that created good jobs for generations of Chicagoans have turned into drivers of unemployment in recent years. Total headcount at Chicago's 10 biggest companies fell 5.6 percent last year. And data from Chicago outplacement firm Challenger Gray & Christmas show big, locally based companies contributing an outsized share of nearly 90,000 layoffs in Illinois since 2013. Kraft Heinz joined the parade on Aug. 12, cutting 700 of...
  • Companies to boycott over Rainbow nonsense

    06/28/2015 1:02:10 PM PDT · by FreeAtlanta · 120 replies
    vanity
    I saw a huge Delta Air Lines digital sign full of rainbows and "love" nonsense going into Atlanta yesterday morning. I am putting them #1 on my boycott list. Anyone care to add to the list?
  • Study: Many Herbal Supplements Aren't What the Label Says

    02/03/2015 5:07:03 PM PST · by Mount Athos · 52 replies
    NY Times ^ | FEB. 3, 2015
    DNA testing on hundreds of bottles of store-brand herbal supplements sold as treatments for everything from memory loss to prostate trouble found that four out of five contained none of the herbs on the label. Instead, they were packed with cheap fillers such as wheat, rice, beans or houseplants. Based on the testing commissioned by his office, New York Attorney General Eric Schneiderman said Tuesday he has sent letters to the four major store chains involved — GNC, Target, Walmart and Walgreens — demanding that they immediately stop selling adulterated or mislabeled dietary supplements. Nutritionist David Schardt of the Center...
  • Walgreens Donates $100,000 to Promote “Homo-Sex” (Warning:Disturbing images at link)

    11/09/2014 12:44:13 PM PST · by NKP_Vet · 38 replies
    http://mrconservative.com ^ | November 6, 2014 | Jodi Swan
    Though it hasn’t been well-publicized, Walgreens has been donating a substantial amount of money to the LGBT movement. In 2006, the drugstore was a Platinum-Level sponsor of the Chicago “Gay Games,” which are also know as the “Gay Olympics.” The event touts itself as the “world’s largest sporting and cultural event organized by, and specifically for lesbian, gay, bisexual, and transgender (LGBT). The Wikipedia description of the “Gay Games” reveals that they were started in 1982 in San Francisco, CA, and are held every four years. Unlike the real Olympics, there are no qualifying requirements to compete, so literally anyone...
  • MI: Pharmacist Fired for Self Defense Loses Appeal

    09/24/2014 6:34:02 AM PDT · by marktwain · 17 replies
    Gun Watch ^ | 23 September, 2014 | Dean Weingarten
    Jeremy Hoven is a pharmacist who worked at Walgreens in Benton Township, Michigan.   He had complained about security at the store after a robbery in 2007, and had obtained a concealed carry permit.   In 2011, at 4:30 a.m. on May 8th, he defended himself against armed robbers who had entered the store, taken a manager hostage, and who had tried to shoot him.   It was all captured on a dramatic video.   Link to Video  Halfway down article A local police Lt. said that he would have done the same thing.  From abcnews.go.com: Township police Lt. Delman Lange, after...
  • Walgreens leaving Illinois for Switzerland?

    07/25/2014 7:31:56 PM PDT · by Coleus · 22 replies
    Watchdog.org ^ | July 25, 2014 | SCOTT REEDER
    Walgreens leaving Illinois for Switzerland? SPRINGFIELD – I picked up my vacation photos at Walgreens the other day.  And I didn’t hear any French, German or Italian spoken.How surprising.I’ve read that the Deerfield, Ill.,-based drugstore chain is considering becoming a Swiss corporation. I’ll admit the thought of a company that is essentially an American icon becoming a foreign corporation gives me pause.  After all, Walgreens is one of Illinois’ premier companies. It was founded here in 1901 and is headquartered in Deerfield, Ill. And now they are talking about moving their headquarters to Switzerland.But what exactly does it mean when...