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Investors Sue Semler Scientific under the False Claims Act
510 sats \ 11 comments \ @BlokchainB 30 Aug Politics_And_Law
(1) Semler Scientific did not disclose a material investigation by the United States Department of Justice (the “DOJ”) into violations of the False Claims Act, while discussing possible violations of the False Claims (and aggressive DOJ enforcement thereof) in hypothetical terms; and (2) as a result, defendants public statements were materially false and/or misleading at all relevant times.
Interesting. Will this have any impact on their sat stacking activities?
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155 sats \ 7 replies \ @siggy47 30 Aug
It can't help, especially in this environment. These bitcoin treasury companies are getting rocked as it is. Collectively they might be this cycle's FTX.
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36 sats \ 2 replies \ @HardMoney 23h
MSTR is the only treasury company with true systemic risk. Rest of them combined liquidating could be absorbed by the market imo.
Obviously won’t help. Honestly the biggest risk in the space would be if Coinbase fucked up custody of MSTR and etf holdings
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0 sats \ 1 reply \ @siggy47 23h
No doubt a Coinbase hack would be the Holy Grail for all us buy the dip wishers.
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36 sats \ 0 replies \ @HardMoney 23h
I think we would see another blocksize war size (if not larger scale) debate on a network fork to bail it out
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36 sats \ 3 replies \ @BlokchainB OP 30 Aug
I am curious to know what the DOJ was investigating
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73 sats \ 2 replies \ @siggy47 30 Aug
I don't know. Have you found anything yet? I'll look around too.
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36 sats \ 1 reply \ @BlokchainB OP 30 Aug
Is March 21st the first day they started stacking BTC?
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80 sats \ 0 replies \ @siggy47 30 Aug
I don't know. It sounds like Senmler discussed as a hypothetical investigation that was in fact an actual investigation they were aware of. I guess we need to find that hypothetical discussion. My guess is it has to be about one of their products?
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77 sats \ 1 reply \ @grayruby 30 Aug
Probably not. Public companies are getting sued all the time.
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40 sats \ 0 replies \ @BlokchainB OP 23h
All the time!
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62 sats \ 0 replies \ @kurszusz 23h
No. I don't think this will have any effect on sat stacking activity...everything will continue as it has been.
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