The company that promised it could, but then couldn't, Theranos has agreed to pay out over $4.5 million to settle the Arizona class action case against it. The settlement resolves the consumer protection and fraud claims against the blood testing company brought by Arizona.
The settlement will provide each individual who used Theranos in Arizona between 2013-2016 with a full refund. With 175,000 class members, the average breaks down to around $25 per person. In addition to the monetary relief for consumers, a $25,000 attorney fee award was secured, as well as an agreement for Theranos to cease operation in Arizona for two years.