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Shareholder Terry Tran filed a lawsuit against Semler Scientific and its board, accusing them of misleading shareholders about the financial fairness of their merger with Strive.<\/p>\n
A shareholder of healthcare technology<\/a> company Semler Scientific filed a lawsuit seeking to block the company\u2019s proposed merger with Strive, the asset manager turned Bitcoin treasury company led by former US presidential candidate Vivek Ramaswamy.<\/p>\n According to a complaint<\/a> filed in the US District Court for the Northern District of Illinois, plaintiff Terry Tran accused Semler Scientific and its board of directors of violating Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, which ban misleading shareholder voting materials and hold company leaders liable for those violations.<\/p>\n \u201cThe Registration Statement is materially incomplete and misleading with respect to the financial impacts of the Proposed Transaction on the combined company and the financial fairness of the Proposed Transaction,\u201d the complaint said. <\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n