Core Viewpoint - Semler Scientific Inc. is facing a securities fraud class action lawsuit due to alleged misleading statements and failure to disclose material facts regarding investigations by the U.S. Department of Justice [4][5]. Group 1: Lawsuit Details - The lawsuit is based on claims that Semler made materially false and misleading statements about its business and operations during the class period from March 10, 2021, to April 15, 2025 [4]. - The company disclosed a risk of a DOJ complaint related to its QuantaFlo device and acknowledged an initial civil investigative demand from the DOJ dating back to July 2017 [2][4]. - Following the announcement of a settlement agreement with the DOJ for $29.75 million, Semler's stock price fell significantly, indicating investor injury [3]. Group 2: Financial Impact - On March 3, 2025, Semler's stock price dropped by $4.03, or 9.4%, closing at $38.89 per share after the DOJ news [3]. - After the April 15, 2025 announcement regarding the settlement, the stock price fell by $3.40, or 9.9%, closing at $31.00 per share [3]. Group 3: Investor Participation - Investors who acquired Semler securities during the class period are urged to participate in the class action lawsuit, with a deadline set for October 28, 2025, to seek lead plaintiff status [5].
Deadline Soon: Semler Scientific Inc. (SMLR) Shareholders Who Lost Money Urged to Contact the Law Offices of Frank R. Cruz About Securities Fraud Lawsuit