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Investor to Theranos: Give us back our $96 million

It's hard to know who to feel less sorry for - a Silicon Valley company with a portfolio of quackery and deceit or the San Francisco hedge fund that was bamboozled into investing $96.1 million in it? On Monday, Partner Fund Management LP filed a lawsuit against Theranos in an attempt to get its money back. A letter to its investors said, "Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company.
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