SHAREHOLDER ALERT. Morgan & Morgan Announces it has commenced
an investigation into OSI Systems, Inc. (OSIS)
NEW YORK, Nov. 23, 2012 /PRNewswire/ -- Morgan & Morgan
is investigating whether OSI Systems, Inc. (OSIS) and/or its
officers and directors violated state or federal securities laws.
OSI Systems, among other activities, manufactures and supplies the
Transportation Security Administration ("TSA") with body scanning
equipment.
On November 15, 2012, shares of
OSI Systems fell over 25% after it was reported that Congressman
Mike Rogers, the Chairman of the
House Transportation Security Subcommittee, issued a letter to the
TSA stating that is subcommittee received a tip indicating that OSI
Systems had faked a key test and may have committed fraud by
"knowingly manipulating" the results of an operational
test. OSI Systems has denied the allegation, but if
true OSI could be hit with fines, prison terms and a ban on
receiving government contracts if the allegation is proven.
Click here to learn more about the OSI Systems (OSIS)
shareholder class action lawsuit investigation. If you have
information that would assist Morgan & Morgan in its
investigation, or would like to discuss your legal rights, you may,
without obligation or cost to you, call George Pressly, Esq , toll free, 1 (800)
631-6234 or email George at info@morgansecuritieslaw.com.
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Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
Five Penn Plaza
23rd Floor
New York, NY 10001
(800) 732-5200
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan