Walgreens Asks Court to Toss Shareholder’s Theranos Suit

Walgreens Boots Alliance Inc. asked a Delaware court to toss a shareholder lawsuit over its dealings with defunct startup Theranos Inc. because the plaintiff failed to prove the pharmacy giant ignored any red flags about the fraudulent blood-testing venture.

A Walgreens shareholder sued the company and its board of directors in Delaware’s Court of Chancery Oct. 9, asserting that they breached their fiduciary duties by failing to properly vet Theranos before partnering in 2012 to open up blood-testing kiosks in 41 Walgreens stores. Walgreens invested $140 million in the partnership, the suit says.

The suit presents no facts that show ...