5 hours ago
Healthcare exertion steadfast Semler Scientific has reached a tentative colony statement with the U.S. Department of Justice (DOJ), disclosing successful a Tuesday filing that it was prepared to wage a $29.75 cardinal good successful bid to settee each claims tied to imaginable violations of a national anti-fraud instrumentality related to its selling of QuantaFlo, its flagship product.
Last month, Semler Scientific disclosed that it had received a civilian investigative demand, oregon CID — essentially, a subpoena from a national bureau that typically precedes a suit — from the DOJ backmost successful 2017. In a filing with the U.S. Securities and Exchange Commission (SEC) Semler Scientific said it had complied with respective consequent subpoenas implicit the pursuing years and began archetypal colony discussions with the DOJ successful February.
The probe into Semler Scientific’s selling of QuantaFlo is unrelated to its bitcoin holdings.
In its Tuesday 8-K filing with the SEC, Semler Scientific — a ample firm holder of bitcoin — said that it had inked an statement with crypto speech Coinbase allowing it to get some currency and integer assets, utilizing its bitcoin holdings arsenic collateral. If the company’s colony statement with the DOJ is approved, it said successful the filing, Semler Scientific “intends to get nether the Coinbase maestro indebtedness statement and usage specified proceeds (along with its currency connected hand) to wage the projected colony with DOJ.”
Semler Scientific’s colony statement with the DOJ is successful principle, meaning that it is not yet acceptable successful stone. In its Tuesday filing, the institution warned investors that if the parties are incapable to travel to a last agreement, determination is inactive a hazard that the DOJ could record charges against the institution “seeking damages successful excess of specified agreed colony amount.”
“Should the parties not beryllium capable to scope colony and DOJ record a complaint, Semler Sci intends to vigorously support itself successful immoderate specified action,” the steadfast said successful its filing.
Semler Scientific presently holds 3,192 bitcoins, a stockpile worthy astir $267 cardinal astatine today’s price.
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