|[December 18, 2013]
Glancy Binkow & Goldberg LLP Files Class Action Lawsuit Against OSI Systems, Inc.
LOS ANGELES --(Business Wire)--
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 LEASE 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
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 firstname.lastname@example.org,
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.
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