OSI SYSTEMS, INC. SHAREHOLDERS: The Alexander Firm P.C. Announces Upcoming Lead Plaintiff Deadline in Class Action Lawsuit Fi...
05 February 2014 - 12:32AM
Business Wire
The Alexander Firm P.C., A Professional Law Corporation,
announces that investors of OSI Systems, Inc. (“OSI” or the
“Company”) (NASDAQ: OSIS) have until February 10, 2014, to move the
Court to serve as Lead Plaintiff in the securities class action
lawsuit filed in the United States District Court, Central District
of California, on behalf of a class (the “Class”) consisting of all
persons or entities who purchased or otherwise acquired OSI shares
between January 24, 2012 and December 6, 2013, inclusive (the
“Class Period”).
OSI manufactures electronic systems and components, including
for the Department of Homeland Security and the Transportation
Security Administration (“TSA”). The Complaint alleges that
defendants violated federal securities laws by misrepresenting, or
failing to disclose, that: (a) the Company manipulated an
operational test of its Advanced Imaging Technology, causing the
test not to be representative of the scanners already deployed at
airports; (b) the Company’s products raised strong privacy concerns
and were subject to disqualification for use in airport security
checkpoints; and (c) the Company manufactured its products with
parts that directly violated contracts with the TSA, thereby
risking cancellation of the contracts.
If you are a member of the Class described above, you have until
February 10, 2014, to move the Court for Lead Plaintiff status. If
you purchased or acquired OSI securities during, or prior to, the
Class Period and wish to learn more concerning your rights or
interests with respect to these matters, please contact Vahn
Alexander, Esq., The Alexander Firm P.C., A Professional Law
Corporation, 1875 Century Park East, Suite 700, Los Angeles,
California 90067, by telephone at (310) 407-5335, or by email to
info@alexanderfirmpc.com, or visit our website at
www.alexanderfirmpc.com. To be a member of the Class you need not
take any action at this time or may retain counsel of your choice.
This press release may be considered Attorney Advertising in some
jurisdictions.
The Alexander Firm P.C., A Professional Law Corporation.Vahn
Alexander,
Esq.310-407-5335info@alexanderfirmpc.comwww.alexanderfirmpc.com
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