Semler Scientific Faces Class Action: Key Dates for Investors
Understanding the Semler Scientific Class Action Lawsuit
Investors who have experienced losses with Semler Scientific, Inc. should pay close attention to recent developments concerning a class action lawsuit. This legal action is crucial for those who bought shares during a specified period and are seeking to understand their rights and potential for recovery.
Important Deadlines for Investors
The deadline for investors to petition the Court to serve as lead plaintiff is approaching fast. Investors must act by October 28, 2025, to ensure their voices are heard in this legal matter. Missing this deadline could mean losing the opportunity to be part of a group that seeks redress.
Take Action Now
If you believe you were misled regarding your investment, it is essential to act promptly. Reach out to legal experts like Thomas W. Elrod of Kirby McInerney LLP for guidance. Contact him via email to discuss possible next steps without any obligation.
What Events Triggered the Lawsuit?
On February 28, 2025, Semler disclosed that it had received a civil investigative demand from the U.S. Department of Justice. This demand was related to reimbursement claims the Company filed regarding the QuantaFlo device. This investigation has been ongoing since July 2017 and has seen multiple requests for additional information over the years.
Impact on Share Prices
Upon revealing the DOJ's involvement, Semler's share price plunged by approximately 9.39%, dropping from $42.92 to $38.89. The situation worsened when a settlement of $29.75 million was announced on April 15, 2025, leading to an additional decline of 9.9% in share price the following day.
Details of the Class Action
The lawsuit specifically addresses the period from March 10, 2021, to April 15, 2025. It claims that Semler's management made false statements and neglected to inform shareholders about the ongoing DOJ investigation. This lack of transparency is compelling evidence for those participating in the lawsuit.
Understanding Investor Rights
Investors included in the class period who feel they have been misled may seek compensation for their losses. The outcome of the lawsuit could greatly impact all those holding Semler shares during that time frame.
About Kirby McInerney LLP
Kirby McInerney LLP is a prominent law firm based in New York that specializes in representing shareholders in securities cases. Their expertise has resulted in recoveries totaling billions for investors. If you have suffered financial losses, their team can provide assistance and evaluate your situation.
Get in Touch for Guidance
For those looking for advice or wanting to partake in the class action, consider contacting Kirby McInerney LLP. Their dedicated team can provide insights into the potential ramifications of the lawsuit and assist in navigating your legal options.
Frequently Asked Questions
What is the deadline for the class action lawsuit?
The deadline for investors to apply as lead plaintiff is October 28, 2025.
What prompted the lawsuit against Semler Scientific?
The lawsuit was triggered by misleading statements regarding a DOJ investigation into the Company.
How can I participate in the lawsuit?
Investors should contact legal firms like Kirby McInerney LLP to discuss options for participation.
What losses can I claim?
Investors may claim losses incurred within the specified class period from March 10, 2021, to April 15, 2025.
Who should I contact for more information?
You can reach out to Thomas W. Elrod at Kirby McInerney LLP for further information regarding the lawsuit and your rights as an investor.
About The Author
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