NEW YORK, Dec. 9, 2013 /PRNewswire/ -- Pomerantz
Grossman Hufford Dahlstrom & Gross LLP is investigating claims
on behalf of investors of OSI Systems, Inc. ("OSI Systems" or the
"Company")(NASDAQ: OSIS). Such investors are advised to
contact Robert S. Willoughby at
rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether OSI Systems and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934. On Friday, December 6, 2013, the company disclosed
that the Transportation Security Administration canceled a
$60 million order and lawmakers said
the company may face a ban on U.S. contracts for using unapproved
Chinese-made parts in baggage-screening equipment.
On this news, shares of OSI Systems fell $17.37 per share to $47.38, or more than 26.83%, on December 9, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San
Diego and Florida, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the
field of securities class actions. Today, more than 70 years later,
the Pomerantz Firm continues in the tradition he established,
fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
class members. See www.pomerantzlaw.com.
CONTACT:
Robert S.
Willoughby
Pomerantz Grossman Hufford Dahlstrom
& Gross LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz Grossman Hufford
Dahlstrom & Gross LLP