Bragar Eagel & Squire, P.C Continues Investigations on Behalf of SelectQuote, Cleveland-Cliffs, EchoStar, and Semler and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In SelectQuote (SLQT), Cleveland-Cliffs (CLF), EchoStar (SATS), or Semler (SMLR) To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in any of the above companies during their class period and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims againstSelectQuote (SLQT), Cleveland-Cliffs (CLF), EchoStar (SATS), and Semler (SMLR). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
SelectQuote, Inc. (NYSE: SLQT)
On May 1, 2025, the U.S. Department of Justice (“DOJ”) announced the filing of a False Claims Act complaint against several health insurance companies and insurance broker organizations, including SelectQuote, “alleg[ing] that from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers’ Medicare Advantage plans.”
On news of the DOJ’s lawsuit, SelectQuote’s stock price fell $0.61 per share, or 19.24%, to close at $2.56 per share on May 1, 2025.
For more information on the SelectQuote investigation go to: https://bespc.com/cases/SLQT
Cleveland-Cliffs Inc. (NYSE:CLF)
On May 7, 2025, Cleveland-Cliffs issued a press release reporting its financial results for the first quarter of 2025. Among other items, Cleveland-Cliffs reported a larger than expected adjusted loss and an 11% year-over-year revenue decline to $4.63 billion. The Company also announced plans to fully or partially idle six steel plants. Cleveland-Cliffs’ Chief Executive Officer attributed the operational changes to negative effects from underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025 and said that the Company is repositioning its portfolio away from non-core markets, including rail, high-carbon sheet, and specialty plate products, and toward the automotive industry. On this news, the price of Cleveland-Cliffs shares declined by $1.34 per share, from $8.49 per share on May 7, 2025, to close at $7.15 on May 8, 2025.
For more information on the Cleveland-Cliffs investigation go to: https://bespc.com/cases/CLF
EchoStar Corporation (NASDAQ:SATS)
On May 12, 2025, The Wall Street Journal reported that the Federal Communications Commission had notified EchoStar that it would be investigating the Company’s compliance with federal requirements to build a nationwide 5G network.
On this news, EchoStar’s stock price fell $4.01, or 16.6%, to close at $20.18 per share on May 12, 2025, thereby injuring investors.
For more information on the EchoStar investigation go to: https://bespc.com/cases/SATS
Semler Scientific Inc. (NASDAQ:SMLR)
On February 28, 2025, Semler filed its Form 10-K with the SEC and therein, disclosed that the Company received an initial civil investigative demand from the U.S. Department of Justice ("DOJ") in July 2017 regarding Semler's claims for reimbursement related to its QuantaFlo device. Semler received subsequent requests for information in February 2019, December 2021, April 2022, and April 2023. In February 2025, Semler participated in settlement discussions with the DOJ, which were unsuccessful. The Company disclosed that "there is a risk that DOJ will file a complaint or complaint in intervention in a civil False Claims Act lawsuit seeking damages." On this news, the price of Semler shares declined by $4.03 per share, from $42.92 per share on February 28, 2025, to close at $38.89 on March 3, 2025.
For more information on the Semler investigation go to: https://bespc.com/cases/SMLR
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
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