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Stock impact report

Semler Scientific Settles DOJ Probe, Says Ready to Buy More Bitcoin [Yahoo! Finance]

Semler Scientific, Inc. (SMLR) 
Last semler scientific, inc. earnings: 3/3 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.semlerscientific.com
Company Research Source: Yahoo! Finance
Department of Justice (DOJ), disclosing in a Tuesday filing that it was prepared to pay a $29.75 million fine in order to settle all claims tied to potential violations of a federal anti-fraud law related to its marketing of QuantaFlo, its flagship product. Last month, Semler Scientific disclosed that it had received a civil investigative demand, or CID — essentially, a subpoena from a federal agency that typically precedes a lawsuit — from the DOJ back in 2017. The company at that time said it had complied with several subsequent subpoenas over the following years and began initial settlement discussions with the DOJ in February. That news, along with the decline in the price of bitcoin, had helped crater SMLR shares, which were lower by 37% year-to-date as of the close of trading on Tuesday. In today's disclosure, Semler said that it had inked an agreement with crypto exchange Coinbase allowing it to borrow both cash and digital assets, using its bitcoin holdings as collateral Show less Read more
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