#USA #New York #Securities Fraud #Wolf Haldenstein #Semler Scientific

Investigating Semler Scientific: A Closer Look at Potential Breaches

In recent news, Wolf Haldenstein Adler Freeman & Herz LLP, a renowned law firm specializing in shareholder rights litigation, has announced the commencement of an investigation into Semler Scientific Inc. (NASDAQ: SMLR). This inquiry focuses on potential violations of fiduciary responsibility by the company's Board of Directors and its senior management team.

The firm is particularly concerned about allegations of securities fraud that may involve several officers and directors of Semler. This investigation arises in light of significant disclosures made by the company concerning its legal troubles with the U.S. Department of Justice (DOJ).

On February 28, 2025, Semler filed its Form 10-K with the SEC and shared that it had received a civil investigative demand from the DOJ since July 2017 regarding its claims for reimbursement about the QuantaFlo device. Since then, the company has been subjected to multiple information requests from the DOJ at various points, including in February 2019, December 2021, April 2022, and most recently in April 2023. The situation escalated when Semler engaged in settlement talks with the DOJ, which, unfortunately, turned out to be unsuccessful. The company has now indicated a notable risk that the DOJ could file a complaint under the civil False Claims Act, seeking damages.

Given the stakes involved, Wolf Haldenstein's investigation will delve into whether these developments could translate into violations of securities laws, potentially impacting shareholder interests significantly. The firm, known for its successful prosecution of securities class actions and derivative suits, emphasizes its broad expertise in such legal matters. They have previously been recognized by courts for their effectiveness in complex securities litigation, underscoring their capability to take on similar challenges in the current case involving Semler Scientific.

The Role of Wolf Haldenstein

Wolf Haldenstein boasts attorneys specializing in a variety of practice areas, with offices located in New York, Chicago, Nashville, and San Diego. Their reputation has grown from repeated court appointments to significant positions in high-stakes securities and multi-district litigations. This ongoing inquiry into Semler Scientific marks yet another chapter in their commitment to protect the rights and interests of shareholders.

As shareholders or potential investors, it is essential to remain vigilant and informed about developments surrounding Semler. If you have further inquiries or wish to discuss your rights in relation to this investigation, Wolf Haldenstein encourages stakeholders to reach out directly via phone at (800) 575-0735 or through email at info@whafh.com.

Conclusion

The unfolding situation around Semler Scientific Inc. is certainly complex, and with Wolf Haldenstein's investigation underway, shareholders will need to keep a close watch on forthcoming developments. The combination of legal scrutiny, previous communications with the DOJ, and the potential impacts on shareholder value makes this a noteworthy case. As updates materialize, stakeholders will likely receive crucial information regarding their investments and the management of Semler Scientific, setting the stage for important conversations about fiduciary duty and corporate governance.