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Business Wire  02/04/2014 8:32 AM ET
OSI SYSTEMS, INC. SHAREHOLDERS: The Alexander Firm P.C. Announces Upcoming Lead Plaintiff Deadline in Class Action Lawsuit Filed on Behalf of OSI Systems, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)--Feb. 4, 2014-- The Alexander Firm P.C., A Professional Law Corporation, announces that investors of OSI Systems, Inc. (“OSI” or the “Company”) (NASDAQ: OSIS) have until February 10, 2014, to move the Court to serve as Lead Plaintiff in the securities class action lawsuit filed in the United States District Court, Central District of California, on behalf of a class (the “Class”) consisting of all persons or entities who purchased or otherwise acquired OSI shares between January 24, 2012 and December 6, 2013, inclusive (the “Class Period”).

OSI manufactures electronic systems and components, including for the Department of Homeland Security and the Transportation Security Administration (“TSA”). The Complaint alleges that defendants violated federal securities laws by misrepresenting, or failing to disclose, that: (a) 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; (b) the Company's products raised strong privacy concerns and were subject to disqualification for use in airport security checkpoints; and (c) 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 have until February 10, 2014, to move the Court for Lead Plaintiff status. If you purchased or acquired OSI securities during, or prior to, the Class Period and wish to learn more concerning your rights or interests with respect to these matters, please contact Vahn Alexander, Esq., The Alexander Firm P.C., A Professional Law Corporation, 1875 Century Park East, Suite 700, Los Angeles, California 90067, by telephone at (310) 407-5335, or by email to info@alexanderfirmpc.com, or visit our website at www.alexanderfirmpc.com. To be a member of the Class you need not take any action at this time or may retain counsel of your choice. This press release may be considered Attorney Advertising in some jurisdictions.

Source: The Alexander Firm P.C.

The Alexander Firm P.C., A Professional Law Corporation.
Vahn Alexander, Esq.
310-407-5335
info@alexanderfirmpc.com
www.alexanderfirmpc.com

 

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