A law firm is investigating whether the publicly traded company Semler Scientific is in compliance with securities laws.
According to reports, Semler Scientific is currently facing an investigation by the law firm Bragar Eagel & Squire, P.C., which is examining whether Semler has violated federal securities laws or engaged in other illegal business activities, and urging affected shareholders to contact their attorneys. Meanwhile, Semler disclosed a $50 million Bitcoin acquisition this week, bringing its total Bitcoin holdings to $466 million. Prior to this, Semler reached a preliminary settlement with the U.S. Department of Justice, agreeing to pay a $29.75 million fine to resolve allegations regarding its marketing practices for the product QuantaFlo, which were suspected of violating federal anti-fraud laws.