Semler Investor Class Action Faces Oct. 28 Lead-Plaintiff Deadline
The case centers on claims that Semler withheld a DOJ False Claims Act probe, with its February 10-K disclosure followed by a one-day stock decline.
Overview
- Investors who bought Semler Scientific securities between March 10, 2021 and April 15, 2025 must move by October 28 to seek appointment as lead plaintiff.
- The lawsuit is filed in the U.S. District Court for the Northern District of California on behalf of purchasers during the stated class period.
- Plaintiffs allege the company made misleading statements by not disclosing a material DOJ investigation into potential False Claims Act violations.
- Semler’s 2024 Form 10-K, filed February 28, 2025, reported brief settlement talks with the DOJ on February 11 that ended the same day and warned a DOJ complaint could follow.
- Plaintiff notices say Semler’s shares fell more than 9% on the next trading day after the 10-K disclosure, and multiple law firms are recruiting class members and whistleblowers.