Semler Scientific Investors Encouraged to Inquire About Securities Fraud Class Action

Semler Scientific Inc. investors have until October 28, 2025, to file a lead plaintiff motion in a class action lawsuit over alleged securities fraud. The lawsuit claims that the company's positive statements about its business were misleading due to undisclosed investigations by the US Department of Justice into potential violations of the False Claims Act. The stock price fell following disclosures about the investigation and subsequent settlement with the DOJ.

Semler Scientific Inc. (NASDAQ: SMLR) investors have until October 28, 2025, to file a lead plaintiff motion in a class action lawsuit over alleged securities fraud. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims that the company's positive statements about its business were misleading due to undisclosed investigations by the U.S. Department of Justice (DOJ) into potential violations of the False Claims Act [2].

The lawsuit alleges that Semler Scientific made false and/or misleading statements and failed to disclose a material investigation by the DOJ. The company's stock price fell significantly following disclosures about the investigation and subsequent settlement with the DOJ. On February 28, 2025, the company disclosed settlement talks with the DOJ, causing its stock to drop by more than 9%. Then, on April 15, 2025, the company announced an agreement in principle to settle for $29.75 million, leading to another significant drop in stock price [1].

Investors are encouraged to contact attorney Lesley F. Portnoy of the Portnoy Law Firm to discuss their legal rights and potential recovery options. The law firm offers a complimentary case evaluation and can represent investors in pursuing claims against the company [1].

This class action lawsuit is one of many ongoing securities class action lawsuits. Over 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Investors are advised to stay informed and take action if they believe they have been affected by the alleged securities fraud [2].

References:
[1] https://www.globenewswire.com/news-release/2025/08/29/3141791/0/en/Semler-Scientific-Inc-Investors-Please-contact-the-Portnoy-Law-Firm-to-recover-your-losses-October-28-2025-Deadline-to-file-Lead-Plaintiff-Motion.html
[2] https://www.tradingview.com/news/11thestate:6801915b0094b:0-shareholders-filed-a-lawsuit-against-semler-scientific-for-concealing-doj-investigation/