NEW ORLEANS -- (Business Wire)
ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until February 5, 2018 to file lead plaintiff
applications in a securities class action lawsuit against OSI Systems
Inc. (NasdaqGS: OSIS), if they purchased the Company’s securities
between August 16, 2013 and December 6, 2017, inclusive (the “Class
Period”). This action is pending in the United States District Court for
the Central District of California.
OSI Systems investors should visit us at https://www.claimsfiler.com/cases/view-osi-systems-inc-securities-litigation-1
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
OSI Systems and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
On December 6, 2017, Muddy Waters Research reported several allegations
of corrupt business practices by the Company. Specifically, that an
Albania concession was acquired through bribery or other improper
measures; an unannounced transfer of 49% of its project company, S2
Albania SHPK, to an Albanian holding company for consideration of less
than $5.00; and, based on information from former employees, other
unlawful acts including improper sales, bribery and fraud.
On this news, the price of OSI Systems’ shares plummeted $24.55 per
share, or 29.2%.
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. ClaimsFiler's team of experts
monitor the securities class action landscape and cull information from
a variety of sources to ensure comprehensive coverage across a broad
range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005622/en/
Jerry Gallo, 844-367-9658
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