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:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.