Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC announce that KSF has commenced an investigation into OSI Systems, Inc. (Nasdaq: OSIS).
On November 15, 2012, shares of OSI Systems fell over 25% after it was reported that a key congressman said the company may have committed fraud by "knowingly manipulating" the results of an operational test. In a November 13 letter to Transportation Security Administration head John Pistol, Republican Congressman Mike Rogers, the chairman of the House Transportation Security Subcommittee, wrote that his panel had received a tip indicating that OSI had faked a key test. OSI could be hit with fines, prison terms and a ban on receiving government contracts if the allegation is proven.
KSF’s investigation is focusing on whether OSI Systems and/or its officers and directors violated state or federal securities laws, approximately beginning in March 2012.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn ( email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900.About Kahn Swick & Foti, LLC KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. To learn more about KSF, you may visit www.ksfcounsel.com.