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TMCNet:  Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against OSI Systems, Inc.

[January 17, 2014]

Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against OSI Systems, Inc.

LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP announces that all purchasers of the securities of OSI Systems, Inc. ("OSI" or the "Company") (NASDAQ:OSIS) between January 24, 2012 and December 6, 2013, inclusive (the "Class Period"), have until February 10, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Central District of California.

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FRE AT (888) 773-9224, OR AT 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 manufactures electronic systems and components, including for the Department of Homeland Security and the Transportation Security Administration (TSA). The Complaint alleges that the 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.

To be a member of the above-described Class, you need not take any action at this time or you may retain counsel of your choice. If you have any questions concerning this Notice 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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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