Glancy Binkow & Goldberg LLP Files Class Action Lawsuit Against OSI Systems, Inc.
December 18 2013 - 8:32PM
Business Wire
Glancy Binkow & Goldberg LLP, representing investors of OSI
Systems, Inc. (“OSI” or the “Company”) (NASDAQ:OSIS), has filed a
class action lawsuit in the United States District Court for the
Central District of California on behalf of a class (the “Class”)
comprising all purchasers of OSI securities between January 24,
2012 and December 6, 2013, inclusive (the “Class Period”).
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM
GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT
(888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO
SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE
BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND
NUMBER OF SHARES PURCHASED.
OSI designs and manufactures electronic systems and components
for homeland security, healthcare, defense and aerospace markets.
One of the Company’s largest customers is the United States
Department of Homeland Security and the Transportation Security
Administration (TSA). The Complaint alleges that the defendants
made false and/or misleading statements and failed to disclose
material adverse facts about the Company's business, operations and
compliance policies. Specifically, defendants misrepresented or
failed to disclose that:
- The Company manipulated an operational
test of its Advanced Imaging Technology, causing the test not to be
representative of the scanners already deployed at airports.
- The Company’s products raised strong
privacy concerns and were subject to disqualification for use in
airport security checkpoints.
- The Company manufactured its products
with parts that directly violated contracts with the TSA, thereby
risking cancellation of the contracts.
If you are a member of the Class described above you may move
the Court no later than February 10, 2014, to serve as lead
plaintiff; however, you must meet certain legal requirements. If
you wish to learn more about this action, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Michael Goldberg, Esquire,
of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite
2100, Los Angeles, California 90067, Toll Free at (888) 773-9224,
or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg
LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at
(212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit
our website at http://www.glancylaw.com. If you inquire by email
please include your mailing address, telephone number and number of
shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael
Goldberg888-773-9224orGlancy Binkow & Goldberg LLP, New York,
NYGregory Linkh212-682-5340 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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