Levi & Korsinsky, LLP has issued a reminder to investors of Semler Scientific, Inc. regarding a significant class action lawsuit currently pending. The lawsuit aims to provide recompense for investors who may have suffered losses due to alleged securities fraud between March 10, 2021, and April 15, 2025. With the approaching lead plaintiff deadline set for October 28, 2025, affected investors are strongly encouraged to take action promptly.
Overview of the Lawsuit
The class action has been initiated in response to claims that Semler Scientific provided misleading information regarding its business operations and failed to disclose crucial details of an investigation by the United States Department of Justice. According to the lawsuit, the defendants did not adequately inform shareholders about potential violations of the False Claims Act, even as they discussed these risks in non-specific, hypothetical terms.
This concealment is significant because it suggests that the company's public statements were not only incomplete but also potentially detrimental to investor interests at all pertinent times.
What Should Investors Do?
For investors who have incurred losses during the stated period, it is vital to recognize that they have until the end of October 2025 to request appointment as the lead plaintiff. While taking on this designation can potentially enhance an investor's standing in court, it is essential to note that participation in the recoveries does not require serving in this capacity. Investors are invited to file claims without needing to cover any out-of-pocket expenses, which can be a crucial point for those concerned about legal fees.
No Cost to Participate
Levi & Korsinsky emphasizes that there is no financial obligation for class members to join the lawsuit. As a participant, investors might be eligible for compensation related to their losses, leading to an opportunity to recoup funds without facing any risks regarding financial outlays.
Why Choose Levi & Korsinsky?
With over two decades of experience, Levi & Korsinsky has built a formidable reputation for advocating on behalf of aggrieved shareholders. Their team has secured hundreds of millions in settlements for clients and has been recognized as one of the top securities litigation firms not just in New York but across the United States. They boast a dedicated team of over 70 professionals skilled in navigating complex securities laws, making them well-equipped to manage high-stakes cases.
Next Steps
Investors interested in learning more about their rights and the ongoing lawsuit can either visit the dedicated page
here or reach out directly to Joseph E. Levi, Esq. via email or telephone for personalized assistance and further information. Prompt action can be crucial, as the deadline of October 28, 2025, draws near.
In a market where investor rights are paramount, understanding the significance of such class actions can’t be overstated. Acknowledging not just the allegations against Semler Scientific but also the legal avenues available can empower investors to seek the justice they deserve.