Semler Scientific Investors Face Oct. 28 Deadline in Securities Class Action Push

Overview

• Motions for appointment as lead plaintiff must be filed by October 28, 2025 in the case covering trades from March 10, 2021 to April 15, 2025.
• Notices from Kirby McInerney, Rosen Law Firm, and Glancy Prongay & Murray invite investors to contact them about participating or seeking leadership roles.
• Semler’s February 28, 2025 annual report disclosed a DOJ civil investigative demand first issued in July 2017 regarding QuantaFlo reimbursement claims, with additional information requests through 2023.
• On April 15, 2025, the company announced an agreement in principle to pay $29.75 million to resolve the DOJ matter, excluding any potential relator counsel fees.
• The complaint alleges nondisclosure and misleading statements and cites share price drops of about 9.4% after the 10-K and 9.9% after the settlement update, though the claims remain unadjudicated.