OSI Systems (OSIS) Shareholder Class Action Lawsuit
OSI Systems (OSIS) Shareholders Lose 25% in one day: OSI Systems (OSIS) Securities Class Action Lawsuit Investigation Commences.
On November 15, 2012, OSI Systems (OSIS) share price dropped over 25%. Over $400 million in market value vanished in a single day.
Sudden stock drop coupled with published Reports Raise Serious Questions Regarding OSI Systems Managements Disclosures to Shareholders
OSI Systems supplies body scan equipment to the federal government. In a November 13 letter to Transportation Security Administration head John Pistol, Republican Congressman Mike Rogers, the chairman of the House Transportation Security Subcommittee, wrote that his panel had received a tip indicating that OSI had faked a key test. OSI could be hit with fines, prison terms and a ban on receiving government contracts if the allegation is proven. OSI Systems have denied the allegations that the company “faked” or mislead the government.
OSI Systems (OSIS) Shareholder Class Action Lawsuit Investigation
Did OSI Systems management knowingly fake a critical test? Is there a pattern of manipulating tests? These questions form the basis of our OSI Systems (OSIS) shareholder class action lawsuit investigation. If you purchased OSIS securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this investigation, please contact us by competing the contact form or call Attorney George Pressly at 1 (800) 631-6234.