OSI SYSTEMS LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In OSI Systems, Inc. To Contact The Firm
Summary
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and/or misleading statements and/or failing to disclose that: (i) OSI acquired the Albania concession through bribery or other illicit means; (ii) OSI transferred 49% of its project company associated with the Albania concession for consideration of less than $5.00; (iii) OSI engaged in unlawful acts such as improper sales and cash payments to government officials; (iv) these practices caused the Company to be vulnerable to potential civil and criminal liability, and adverse regulatory action; and (v) as a result, OSIs statements about its business, operations, and prospects, were materially false and/or misleading.The Report also alleges, among other things, that "investigators interviews with former employees yielded numerous anecdotes indicating OSIS is rotten to the core," including "knowledge of improper sales, cash payments to government officials, fraud in a significant contract, and that OSIS had narrowly avoided being debarred from doing business with the U.S.Prior results do not guarantee or predict a similar outcome with respect to any future matter.Related Links NEW YORK, Feb. 3, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in OSI Systems, Inc. ("OSI" or the "Company") (NASDAQ: OSIS ) of the February 5, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.If you invested in OSI stock or options between August 21, 2013 and December 6, 2017 and would like to discuss your legal rights, click here : http://www.faruqilaw.com/OSIS .