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Securities law

Deadline Approaching for Semler Scientific Inc. Securities Class Action Lawsuit

Strategic Insights

— 1 min read

Investors who purchased or otherwise acquired Semler Scientific Inc. ("Semler" or the "Company") securities between March 10, 2021, and April 15, 2025, inclusive, must file a lead plaintiff motion in the class action filed on their behalf by October 28, 2025. The lawsuit alleges that Semler made materially false and/or misleading statements about the company's business, operations, and prospects, including failing to disclose a material investigation by the United States Department of Justice into violations of the False Claims Act.

Key Takeaways:

  • The class action lawsuit alleges that Semler made false and/or misleading statements about the company's business, operations, and prospects during the period of March 10, 2021, and April 15, 2025.
  • The lawsuit specifically alleges that Semler failed to disclose a material investigation by the United States Department of Justice into violations of the False Claims Act.
  • On February 28, 2025, Semler filed its annual report for full year 2024 and disclosed the risk of a DOJ complaint or complaint in intervention in a civil False Claims Act lawsuit.
  • The company's stock price fell $4.03, or 9.4%, to close at $38.89 per share on March 3, 2025, after disclosing the DOJ investigation.
  • On April 15, 2025, Semler announced that it had reached an agreement with the DOJ "in principle on payment of $29.75 million to settle all claims."
  • The lawsuit alleges that the positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Statistics:

  • The period of the class action lawsuit is from March 10, 2021, to April 15, 2025, inclusive.
  • The company's stock price fell $4.03, or 9.4%, to close at $38.89 per share on March 3, 2025.
  • On April 15, 2025, the company announced that it had reached an agreement with the DOJ "in principle on payment of $29.75 million to settle all claims."
  • The stock price fell $3.40, or 9.9%, to close at $31.00 per share on April 16, 2025, after the announcement.

Sources:

  • "LOS ANGELES, Sept. 08, 2025 (GLOBE NEWSWIRE) --"

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