Semler Scientific Investors Alert: Update on Legal Claims
Semler Scientific Investors Alert: Update on Legal Claims
Semler Scientific Inc. (NASDAQ: SMLR) reminds its investors of the critical timeline for filing a lead plaintiff motion in the ongoing class action lawsuit. This legal action is specifically designed for shareholders who acquired shares during a pivotal time in the company's history.
Understanding the Class Action Timeline
Investors must note that the deadline to file a motion is approaching rapidly. Those who have suffered losses on their investments are encouraged to act promptly. This motion is essential for individuals who wish to take part in potentially seeking compensation related to their Semler investments.
What Triggered the Legal Action?
The current class action lawsuit was initiated due to recent findings that impacted the stock price of Semler. The company disclosed in its annual report that there is ongoing scrutiny from the U.S. Department of Justice concerning its operations. Specifically, they reported that the DOJ could file a complaint related to the reimbursement claims tied to their QuantaFlo device. This raised significant concerns among investors, as the company had not fully disclosed this risk earlier.
Impact of Recent Developments on Stock Price
Following the announcement by Semler about the DOJ's interest in its reimbursement claims, there was a noticeable downturn in the stock price. On March 3, the share price fell by 9.4%, closing at $38.89. This was just the beginning, as a subsequent announcement regarding a settlement led to another significant drop, further eroding investor confidence.
The Settlement Agreement
On April 15, Semler announced a proposed settlement agreement with the DOJ, which included a payment of $29.75 million to resolve all claims. This revelation subsequently caused the stock price to decrease further, prompting many investors to analyze their positions carefully.
Details of the Class Action Lawsuit
The core of the lawsuit centers around allegations that Semler and its executives knowingly withheld critical information regarding their legal and operational challenges. During the Class Period, which encompasses significant dates for the company, it was alleged that misleading statements were made regarding the potential impacts of DOJ investigations, leading many investors astray.
Investing in Knowledge
If you have purchased shares of Semler during the outlined period, you have the opportunity to engage in this class action lawsuit to potentially recover your losses. If you have not yet taken any action, now is the time to consult with legal counsel regarding your options.
Contact Information for Interested Investors
For investors who are keen to learn more about their eligibility and the steps to take, they can reach out to legal representatives like Charles Linehan from Glancy Prongay & Murray LLP. They are available to guide investors through the process and address any questions or concerns. Contact details are as follows:
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Frequently Asked Questions
1. What is the current status of the class action lawsuit?
The lawsuit is ongoing, and investors are encouraged to file their motions before the deadline to participate.
2. How significantly did Semler's stock price drop recently?
Semler's stock experienced a drop of more than 9% following legal disclosures that concerned investors.
3. Who can participate in the class action?
Anyone who purchased Semler shares during the specified Class Period may qualify to participate in the action.
4. What should I do if I want to participate?
You may want to consult with an attorney and submit a motion before the deadline of October 28, 2025.
5. How can I contact legal representatives for guidance?
You can contact Glancy Prongay & Murray LLP at the provided email or phone number to discuss your options.
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