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The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On September 25, 2024, Biora Therapeutics, Inc entered into a Final Judgment and Permanent Injunction with the California Attorney General’s Office. The Final Judgment and Permanent Injunction settles allegations that the business made misleading claims regarding the costs of its genetic testing services when advertising to healthcare providers and patients. Under the terms of the Judgment, the business was ordered to permanently enjoin and restrain from engaging, directly or indirectly: in collecting payments for debts owed by consumers for genetics testing services, furnishing any information about consumers debt for genetic testing to credit reporting agencies and collection services, reselling or transferring any consumer debt for genetic testing services, and placing trade lines with any credit reporting agency with respect to paid or unpaid debt of a consumer for any genetic testing. It is further ordered that the business must return any payment received after the entry of this judgment for consumer genetic testing services, use reasonable efforts to ensure that the waiver of the debt does not result in an issuance of a 1099 form for the consumer, send notice to consumers with an outstanding balance whose debts are waived within 30 days of this judgment, and create and provide a report confirming waiver of all debts that have been ordered to be waived within 180 days of this judgment and pay civil penalties in the amount of $200,000.00 dollars.
This action is final.
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