Core Viewpoint - A class action lawsuit has been filed against Semler Scientific, Inc. for alleged securities fraud and unlawful business practices, with a deadline for investors to join the lawsuit by October 28, 2025 [1][2]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Semler and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Semler securities during the Class Period are advised to contact Pomerantz LLP to potentially become Lead Plaintiffs [2]. Group 2: Financial and Legal Context - On February 28, 2025, Semler disclosed a risk of a civil False Claims Act lawsuit from the U.S. Department of Justice regarding its QuantaFlo device, following an initial civil investigative demand received in July 2017 [4]. - Semler participated in unsuccessful settlement discussions with the DOJ in February 2025 [4]. - Following the announcement of the DOJ's involvement, Semler's stock price fell by $4.03 (9.4%) to close at $38.89 on March 3, 2025 [5]. - On April 15, 2025, Semler announced a settlement agreement with the DOJ for $29.75 million, leading to a further stock price decline of $3.40 (9.88%) to close at $31.00 on April 16, 2025 [5].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Semler Scientific, Inc. of Class Action Lawsuit and Upcoming Deadlines - SMLR