With $4.65M deal, Arizonans will get their money back from Theranos

Theranos CEO and founder Elizabeth Holmes. (credit: NBC Today)

Theranos, Inc., the infamous and embattled blood-testing company, has agreed to pay the state of Arizona more than $4.65 million dollars in consumer restitution for blood tests that were allegedly misrepresented and, in some cases, voided.

The agreement, announced Tuesday by Arizona Attorney General Mark Brnovich's office, comes after Brnovich alleged that Theranos' advertisements in the state "misrepresented, omitted, and concealed material information regarding its testing service's methodology, accuracy, reliability, and essential purpose," the consent judgement reads. The state also alleged that Theranos was out of compliance with federal regulators.

Theranos denies any wrongdoing but agreed to pay to avoid a trial.

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