3 ms·
Who's writing the checks really depends on what's in the contract between Walgreens and Theranos. I haven't seen it, but it wouldn't be out of the ordinary for
by jalonso510 10y ago
Who's writing the checks really depends on what's in the contract between Walgreens and Theranos. I haven't seen it, but it wouldn't be out of the ordinary for Theranos to have agreed to indemnify Walgreens against claims over the accuracy of the tests. If so, Theranos would be on the hook even if Walgreens is getting sued as well, and the real question is how big the claims are and whether they will be enough to to bankrupt Theranos.
- mathattack 10y agoIn this case I believe that the contract was very tilted towards Theranos. The execs in charge were forced out previously. [0] I don't know any specifics on indemnification though, but if Theranos goes under, they can't indemnify much. [0] http://www.nytimes.com/2016/04/22/business/a-once-avid-ally-walgreens-is-struggling-to-shake-off-theranos.html http://www.nytimes.com/2016/04/22/business/a-once-avid-ally-...
- pdabbadabba 10y ago> if Theranos goes under, they can't indemnify much. Insurance!
- mathattack 10y agoDo you think they're fully insured? (I have no idea)