--- title: Walgreens Files $140 Million Breach of Contract Suit Against Theranos description: On Tuesday, November 8, 2016, while the nation flocked to the polls, pharmaceutical super store, Walgreens, filed a $140 million breach of contract suit in Delaware federal court against healthcare technology company, Theranos Inc. Because the case was filed under seal, few details are known about the suit at this time; however, many people familiar with the controversy have pointed out that the $140 million in damages that Walgreens is seeking is equal to the initial sum it invested in Theranos. --- [Skip to content](https://counselfinancial.com/litigation-counsellor/walgreens-suit-against-theranos#main-content) [![Brandmark](https://counselfinancial.com/hubfs/2024%20Website/Brand%20Logos/Brandmark.svg "Brandmark")](https://counselfinancial.com/) [![Counsel Financial](https://counselfinancial.com/hubfs/2024%20Website/Brand%20Logos/Text-Logo.svg "Counsel Financial")](https://counselfinancial.com/) - [Law Firms](https://counselfinancial.com/law-firms) - [Capital Providers](https://counselfinancial.com/captial-providers) - About Us Show submenu for About Us ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/icons/arrow-down.svg) - [Loan Process](https://counselfinancial.com/about/loan-process) - [Our Team](https://counselfinancial.com/about/our-team) - [Lending Philosophy](https://counselfinancial.com/about/lending-philosophy) - [Contact](https://counselfinancial.com/contact) - Resources Show submenu for Resources ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/icons/arrow-down.svg) - [Blog](https://counselfinancial.com/blog) - [Case Studies](https://counselfinancial.com/case-studies) - [Law Firms](https://counselfinancial.com/law-firms) - [Capital Providers](https://counselfinancial.com/captial-providers) - About Us Show submenu for About Us ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/icons/arrow-down.svg) - [Loan Process](https://counselfinancial.com/about/loan-process) - [Our Team](https://counselfinancial.com/about/our-team) - [Lending Philosophy](https://counselfinancial.com/about/lending-philosophy) - [Contact](https://counselfinancial.com/contact) - Resources Show submenu for Resources ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/icons/arrow-down.svg) - [Blog](https://counselfinancial.com/blog) - [Case Studies](https://counselfinancial.com/case-studies) [Request a Meeting ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/icons/button-arrow-blue.svg)](https://counselfinancial.com/request-a-meeting) [Contact ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/icons/button-arrow-blue.svg)](https://counselfinancial.com/contact) [Blog](https://counselfinancial.com/litigation-counsellor/topic/blog), [Breach of Contract](https://counselfinancial.com/litigation-counsellor/topic/breach-of-contract) # Walgreens Files $140 Million Breach of Contract Suit Against Theranos By: Elizabeth DiNardo, Esq. | Associate Counsel November 10, 2016 On Tuesday, November 8, 2016, while the nation flocked to the polls, pharmaceutical super store, Walgreens, filed a $140 million breach of contract suit in Delaware federal court against healthcare technology company, Theranos Inc. Because the case was filed under seal, few details are known about the suit at this time; however, many people familiar with the controversy have pointed out that the $140 million in damages that Walgreens is seeking is equal to the initial sum it invested in Theranos. The relationship between the now-feuding companies had an auspicious beginning in September 2013 when the parties signed a contract, implementing Theranos blood- drawing sites in 40 Walgreens locations in Phoenix, Arizona and one location in northern California. The plan, it seems, was to eventually put Theranos Centers into Walgreens stores across the country.  In June 2016, around the same time that things began to unravel for the health-tech company, Walgreens terminated its relationship with Theranos. In July 2016, Theranos received sanctions from the Centers for Medicare and Medicaid Services. These sanctions included a renunciation of the company’s CLIA Certificate, which in effect equates to a prohibition for Theranos’ founder, Elizabeth Holmes, from owning and operating a lab for two years.  Despite the sealing of the file, it is believed that Walgreens will argue that Theranos continuously misled Walgreens as to the quality and abilities of Theranos’ blood analysis machines, thus putting Walgreens’ customers at risk.  In October 2016, Theranos announced it would be temporarily closing all blood testing facilities in order to concentrate on perfecting its technology. The same month, the company announced its intention to fight for an appeal of the government sanctions and bans against Holmes. [![Explore all of our financial solutions designed for your contingent fee practice.](https://no-cache.hubspot.com/cta/default/1958486/7f7592ae-735a-4eee-8aed-7ea70e109cf0.png)](https://cta-redirect.hubspot.com/cta/redirect/1958486/7f7592ae-735a-4eee-8aed-7ea70e109cf0)  --- *Counsel Financial provides working capital credit lines up to $5 million exclusively for the plaintiffs' bar in all states except California, where credit lines are issued by [California Attorney Lending](http://calattorneylending.com/). * [Blog](https://counselfinancial.com/litigation-counsellor/topic/blog), [Breach of Contract](https://counselfinancial.com/litigation-counsellor/topic/breach-of-contract) ## Recent Posts ### [Arizona-Based Blood Testing Company Entangled in Legal Battles Learn More ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/theme-assets/link-graphic-green.svg)](https://counselfinancial.com/litigation-counsellor/arizona-based-blood-testing-company-entangled-in-legal-battles) ### [![chemist-2415294_1920.jpg](https://counselfinancial.com/hs-fs/hubfs/blog-files/Images/Royalty%20Free%20/chemist-2415294_1920.jpg?width=352&name=chemist-2415294_1920.jpg) $13.5 Million Settlement Agreement Reached in Duane Reade Overtime Class Action Learn More ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/theme-assets/link-graphic-green.svg)](https://counselfinancial.com/litigation-counsellor/13.5-million-settlement-agreement-reached-in-duane-reade-overtime-class-action) ### [Three Class Actions Present Big Trouble for Arizona Blood Testing Company Learn More ![](https://counselfinancial.com/hubfs/raw_assets/public/Counsel-Financial-Theme/images/theme-assets/link-graphic-green.svg)](https://counselfinancial.com/litigation-counsellor/theranos) ![Counsel Financial](https://counselfinancial.com/hubfs/2024%20Website/Brand%20Logos/Full-Logo-Stacked.svg) ![minimal-brandmark](https://counselfinancial.com/hubfs/2024%20Website/Brand%20Logos/minimal-brandmark.svg) - [![location](https://counselfinancial.com/hubfs/2024%20Website/Icons/location.svg) 500 Pearl St., 
 Suite 820
 Buffalo, NY 14202](https://maps.app.goo.gl/xQVgoc7dvspNBDsy6) - [![phone](https://counselfinancial.com/hubfs/2024%20Website/Icons/phone.svg) (716) 568–0070](tel:+17165680070) Law Firms - [Law Firm Loans](https://counselfinancial.com/law-firms) Capital Providers - [Capital Solutions](https://counselfinancial.com/captial-providers) About Us - [Loan Process](https://counselfinancial.com/about/loan-process) - [Our Team](https://counselfinancial.com/about/our-team) - [Lending Philosophy](https://counselfinancial.com/about/lending-philosophy) - [Contact](https://counselfinancial.com/contact) Resources - [Case Studies](https://counselfinancial.com/case-studies) - [Blog](https://counselfinancial.com/blog) --- © 2026 Counsel Financial  |  [Privacy Policy](https://counselfinancial.com/privacy-policy)  |  [Terms](https://counselfinancial.com/terms-and-conditions-of-use)  |  [Cookie Policy](https://counselfinancial.com/cookie-policy) [Follow us on LinkedIn](https://www.linkedin.com/company/counsel-financial-services/)