Theranos will pay Arizona consumers $4.65 million under a consumer-fraud settlement that Arizona Attorney General Mark Brnovich negotiated with the embattled blood-testing company.
Nearly 176,000 consumers who purchased Theranos tests at Arizona retail locations since 2013 will be eligible for a refund from the restitution negotiated by Brnovich’s office. Palo Alto, Calif.-based Theranos also will pay a $200,000 civil penalty, $25,000 in attorneys fees to Arizona and the cost of a claims administrator to distribute refunds to consumers.
“We had a company that we alleged violated the consumer fraud act,” Brnovich said. “We thought it important to be proactive and aggressive in protecting Arizona consumers. My highest priority was making sure everybody who had a test received a full refund.”