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Elizabeth Holmes. Photo: Andrew Burton/Getty Images Following allegations that the company staged fake blood tests using commercial lab equipment to impress investors, Theranos announced today that it has reached a settlement in two lawsuits filed against the company by one of its investors, Partner Fund Management LP. sued Theranos for nearly $100 million, alleging Holmes …

Elizabeth Holmes David Orrell | CNBC Theranos said it has settled lawsuits with one of its biggest backers. The blood test start-up said monday he had reached a confidential settlement with hedge fund Partner Fund Management, which invested more than $96 million in Theranos in 2014. Partner Fund Management had accused Theranos of securities fraud, …