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Semler Scientific faces a class action lawsuit for allegedly hiding a DOJ investigation into its QuantaFlo device from investors from 2021 to 2025.
A class action lawsuit has been filed against Semler Scientific (SMLR) alleging it misled investors from March 2021 to April 2025 by failing to disclose a U.S. Department of Justice investigation into potential False Claims Act violations related to its QuantaFlo device.
The company only discussed the risk hypothetically until February 2025, when it revealed a civil investigative demand and failed settlement talks, triggering a 9% stock drop.
After announcing a $29.75 million settlement on April 15, 2025, shares fell another 9.88%.
Investors who suffered losses during the period may qualify for recovery.
Firms including Pomerantz LLP, Levi & Korsinsky LLP, and Faruqi & Faruqi, LLP are handling the case, with a deadline of October 28, 2025, to seek lead plaintiff status.
Semler Scientific se enfrenta a una demanda colectiva por presuntamente ocultar una investigación del Departamento de Justicia sobre su dispositivo QuantaFlo a los inversores desde 2021 hasta 2025.