The national securities law firm Faruqi & Faruqi, LLP is conducting an investigation into potential legal claims against Semler Scientific, Inc. (NASDAQ: SMLR). The firm is acting on behalf of investors who experienced substantial financial losses.
The investigation stems from allegations of misleading statements made by the company and its executives. Specifically, the firm alleges that Semler Scientific failed to fully disclose an ongoing investigation by the United States Department of Justice (DOJ) related to potential violations of the False Claims Act.
The firm contends that the company’s public statements were inaccurate due to the omission of material information concerning the DOJ investigation. This undisclosed investigation, along with the company’s discussion of hypothetical False Claims Act violations, is central to the investigation.
Semler Scientific‘s 2024 annual report, filed on February 28, 2025, revealed that the company engaged in preliminary settlement discussions with the DOJ in February 2025, but these discussions were ultimately discontinued. The report also noted the potential for the DOJ to file a lawsuit seeking damages. This disclosure led to a significant drop in Semler Scientific‘s stock price.
Faruqi & Faruqi is seeking to establish a lead plaintiff for a federal securities class action lawsuit. The deadline for investors to seek this role is October 28, 2025. The lead plaintiff will represent the interests of all class members in the litigation.
Investors who incurred losses exceeding $75,000 between March 10, 2021, and April 15, 2025, are encouraged to contact Faruqi & Faruqi partner James (Josh) Wilson to discuss their legal options. The firm also welcomes information from whistleblowers, former employees, and others with relevant knowledge of Semler Scientific‘s conduct.
Faruqi & Faruqi has a history of representing investors in securities litigation and has recovered hundreds of millions of dollars for clients. The firm operates offices across several states, including New York, Pennsylvania, California, and Georgia. Further information regarding the class action can be found on the firm’s website. This announcement constitutes attorney advertising. Past results do not guarantee future outcomes.
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