NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced 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, 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. To obtain additional information, go to:
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