Cerebral CEO Fights for His Job Amid Federal Prescription Probe

Kyle Robertson, the entrepreneur who grew Cerebral Inc. into a $4.8 billion behemoth in online mental health and became a prominent face of the fast-growing industry, is fighting for his job.

Major investors in Cerebral, which is the subject of a federal investigation into its prescribing practices, are pushing to dismiss Robertson from his post as chief executive officer, according to people familiar with the matter.

A board meeting to determine Robertson’s fate could come as soon as Wednesday, according to people familiar with the plans, all of whom requested anonymity discussing the potential ouster. The showdown comes after Cerebral ...