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OSI Systems, Inc OSIS Securities Lawsuit

Company: OSI Systems, Inc
Ticker Symbol: OSIS
Class Period: Jan-24-12 to Dec-6-13
Date Filed: Jan-10-14
Lead Plaintiff Deadline: Mar-11-14
Court: ----
New York, NY: A securities class action lawsuit has been filed on behalf of purchasers of OSI Systems, Inc, securities during the period between January 24, 2012 and December 6, 2013, inclusive, seeking to recover damages for violations of the federal securities laws. No class has yet been certified.

According to the Complaint, the Company failed to disclose and/or materially misstated its true financial and business condition because: (a) the Company manipulated an operational test of its Advanced Imaging Technology by selectively picking the best sensors, causing the test not to be representative of the scanners already deployed at airports; (ii) the Company's products raised strong privacy concerns and were subject to disqualification for use in airport security checkpoints; and (iii) the Company manufactured its products with parts that directly violated contracts with the TSA, thereby risking cancellation of the contracts. When this adverse information was revealed, the price of the Company's securities fell, damaging investors.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

OSI Systems, Inc OSIS Securities Fraud Legal Help

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Published on Jan-13-14

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