Semler Scientific Inc. Lawsuit Update: Important Details for Investors
Semler Scientific Inc. Lawsuit Update
Investors in Semler Scientific Inc. (NASDAQ: SMLR) should take notice of significant developments regarding their investments. As a public company involved in medical technology, Semler has faced various challenges impacting its stock price and investor confidence.
Key Dates and Deadlines
The Law Offices of Frank R. Cruz have announced a crucial deadline for investors: October 28, 2025. This date marks the opportunity for affected shareholders to join as lead plaintiffs in a class action lawsuit concerning securities fraud. If you have invested in Semler between March 10, 2021, and April 15, 2025, it is essential to act before this deadline.
Context of the Lawsuit
The class action stems from the company’s disclosures regarding a rising investigation by the U.S. Department of Justice (DOJ). In February 2025, Semler revealed risks related to potential complaints from the DOJ regarding their testing devices. This was followed by falling stock prices, which many investors felt were linked to the company's handling of the investigation.
Impact on Stock Performance
On March 3, 2025, shares of Semler dropped significantly, falling $4.03 or around 9.4%, closing at $38.89 each. Following the announcement of a proposed settlement with the DOJ for $29.75 million on April 15, 2025, investors witnessed another decline, with share prices tumbling 9.9% to $31.00 by April 16, 2025.
The Allegations Behind the Class Action
The lawsuit alleges that the defendants made misleading statements and failed to disclose critical details that negatively impacted the company's operations and outlook. Specifically, the lawsuit claims that Semler did not adequately inform investors of the DOJ’s investigation into potential violations of the False Claims Act. It is asserted that this lack of transparency led to the misrepresentation of the company's business prospects.
Protection for Investors
If you purchased Semler securities during the specified time frame, it is vital to engage with legal counsel about your options. While you do not need to take immediate action to remain a member of the class, you are encouraged to clarify your rights and risks concerning this ongoing litigation.
Contacting Legal Representatives
For those seeking to learn more about this class action or explore their involvement, contacting The Law Offices of Frank R. Cruz is the best step forward. Frank R. Cruz and his team offer guidance through this process and can be reached at 310-914-5007 or via email at info@frankcruzlaw.com. Their office is located at:
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Frequently Asked Questions
What is the background of the lawsuit against Semler Scientific Inc.?
The lawsuit revolves around allegations of misleading statements made by Semler regarding a DOJ investigation related to the company's testing devices.
What do I need to do to participate in the class action?
If you invested in Semler between March 10, 2021, and April 15, 2025, contact legal counsel before the October 28, 2025 deadline.
What has been the impact of the DOJ's involvement on Semler's stock?
The stock price has experienced significant declines following disclosures regarding the investigation and potential settlements.
How can I contact the law offices handling the case?
You can reach The Law Offices of Frank R. Cruz at 310-914-5007 or via email at info@frankcruzlaw.com.
Do I need an attorney to be part of the class action?
While you do not need an attorney to participate, it is advisable to seek legal counsel to protect your interests in the lawsuit.
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