NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of OSI Systems Inc. (NASDAQ:OSIS) concerning possible violations of federal securities laws.
On December 6, 2017, Muddy Waters, LLC issued a research report alleging that OSI Systems “obtained a major turnkey contract in Albania through corruption.” In an interview with Bloomberg TV, Muddy Water’s Founder Mr. Block alleged the presence of “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.” Following this news, shares of OSI Systems fell from a close of $84.07 on December 5, 2017, to a close of $59.52 per share on December 6, 2017.
If you suffered a loss in OSI Systems and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/OSIS-Info-Request-Form-232.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Joseph Klein, Esq.
Empire State Building
350
Fifth Avenue
59th Floor
New York, NY 10118
Telephone:
(212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
