BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith 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.
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 $24.55 per share or 29% to close at $59.52 per share on December 6, 2017, thereby injuring investors.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at 215-638-4847, toll-free at 888-638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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