Semler Scientific, Inc. (SMLR) Faces Scrutiny from Edelson Lechtzin LLP

On June 4, 2025, Edelson Lechtzin LLP announced that it has initiated an inquiry into whether the healthcare technology company, Semler Scientific, Inc. (NASDAQ:SMLR), misled investors about its business operations regarding claims tied to its QuantaFlo diagnostic device.

Semler Scientific, Inc. (SMLR) Faces Scrutiny from Edelson Lechtzin LLP

A doctor in focus surrounded by colleagues in a hospital setting.

In an annual report filed by Semler Scientific, Inc. (NASDAQ:SMLR) on February 28, 2025, the company disclosed that the U.S. Department of Justice (DOJ) was evaluating a potential False Claims Act case. The report triggered immediate market reaction, with the company’s shares plummeting by 9.4% to close at $38.89 on March 3.

Initiating the inquiry, Edelson Lechtzin LLP has asked for the public and stakeholders’ help. Edelson urges those with non-public information regarding Semler Scientific, Inc. (NASDAQ:SMLR) to come forward and assist them in the investigation. It also encourages the company’s investors who have suffered losses to follow the inquiry to learn more.

The investor confidence has been significantly fluctuating since the disclosure. The stock’s performance, which gained 6.49% last month, declined by 13.46% last week.

The California-based company, Semler Scientific, Inc. (NASDAQ:SMLR), is known for developing non-invasive medical tools, with QuantaFlo being its most prominent product. Focusing on early disease detection and chronic condition management, the company has positioned itself between healthcare and technology.

While we acknowledge the potential of SMLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds

Disclosure: None.