Semler Scientific Investors Face Oct. 28 Deadline in Securities Class Action
The lawsuit focuses on alleged nondisclosure of a DOJ False Claims Act probe, with shares sliding after a later 10-K warning.
Overview
- Rosen Law Firm says it first filed the federal securities class action covering purchases from March 10, 2021 through April 15, 2025 in the Northern District of California.
- Investors seeking to be appointed lead plaintiff must move by October 28, 2025, according to notices from Rosen, Faruqi & Faruqi, and Bragar Eagel & Squire.
- The complaint alleges Semler failed to reveal a material DOJ investigation into potential False Claims Act violations and made misleading statements during the class period.
- Semler’s Feb. 28, 2025 Form 10-K disclosed that initial settlement talks with the DOJ began and ended on Feb. 11, 2025, warning of a possible DOJ False Claims Act complaint.
- Following that disclosure, Semler’s stock fell by more than 9% on the next trading day, and no class has been certified to date so investors are not represented unless they retain counsel.