NEW ORLEANS, Dec. 29, 2017 /PRNewswire/ -- 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.
Get Help
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 securities laws.
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%.
About ClaimsFiler
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.
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