OSI Systems, Inc.
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Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of OSI Systems, Inc. (NASDAQ: OSIS) from August 21, 2013 through December 6, 2017, inclusive. The lawsuit seeks to recover investor losses.
If you purchased shares of OSI Systems and would like to join the action, please click “Join This Class Action” above.
SHAREHOLDER ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit OSI Systems, Inc. – OSIS
New York, N.Y., January 8, 2018 . Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of OSI Systems, Inc. (NASDAQ: OSIS) from August 21, 2013 through December 6, 2017, inclusive (the “Class Period”). The lawsuit seeks to recover damages for OSI Systems investors under the federal securities laws.
To join the OSI Systems class action, go to http://pawarlawgroup.com/cases/osi-systems-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) OSI acquired the Albania concession through bribery or other illicit means; (2) OSI transferred 49% of its project company associated with the Albania concession, S2 Albania SHPK, an entity allegedly worth millions, for consideration of less than $5.00; (3) OSI engaged in other illegal acts, including improper sales and cash payments to government officials; (4) these practices caused OSI to be vulnerable to potential civil and criminal liability, and adverse regulatory action; and (5) as a result, defendants’ statements about OSI’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 5, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/osi-systems-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at firstname.lastname@example.org.
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