LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of OSI Systems Inc. (“OSI” or the “Company”) (NASDAQ: OSIS) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the OSI investigation page on our website www.glancylaw.com/case/osi-systems-inc.
On December 6, 2017, Carson Block of Muddy Waters Capital disclosed allegations that OSI Systems had paid bribes to obtain a contract in Albania. Mr. Block alleged, "smoking-gun proof that, when this company got a turn-key contract a few years ago in Albania — worth $150-$250 million top line — that they paid a bribe or kickback of almost half of that concession. To me, this is damning evidence."
On this news, shares of OSI fell $20.19 per share or 24% to close at $63.88 per share on December 6, 2017, thereby injuring investors.
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If you purchased OSI securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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