NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into OSI Systems Inc. (NasdaqGS: OSIS).
On December 6, 2017, several problems with the Company’s business model and/or practices were highlighted in a report by Bloomberg. Specifically, the issues cited related to the pricing of a significant sales contract that was up for renewal, the degree to which the Company relied on the contract, and the detrimental effect that a reduction of the contract’s pricing terms would have on the Company. The report also raised ethical concerns with how the Company had obtained another contract.
On this news, the price of OSI Systems’ shares plummeted.
KSF’s investigation is focusing on whether OSI Systems and/or its officers and directors violated state or federal securities laws.
If you are an OSI Systems shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit http://ksfcounsel.com/cases/nasdaqgs-osis/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.