This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SHAREHOLDER ALERT. Morgan & Morgan Announces It Has Commenced An Investigation Into OSI Systems, Inc. (OSIS)

NEW YORK, Nov. 23, 2012 /PRNewswire/ -- Morgan & Morgan is investigating whether OSI Systems, Inc. (OSIS) and/or its officers and directors violated state or federal securities laws. OSI Systems, among other activities, manufactures and supplies the Transportation Security Administration ("TSA") with body scanning equipment.

On November 15, 2012, shares of OSI Systems fell over 25% after it was reported that Congressman Mike Rogers, the Chairman of the House Transportation Security Subcommittee, issued a letter to the TSA stating that is subcommittee received a tip indicating that OSI Systems had faked a key test and may have committed fraud by "knowingly manipulating" the results of an operational test.   OSI Systems has denied the allegation, but if true OSI could be hit with fines, prison terms and a ban on receiving government contracts if the allegation is proven.

Click here to learn more about the OSI Systems (OSIS) shareholder class action lawsuit investigation.  If you have information that would assist Morgan & Morgan in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, call George Pressly, Esq , toll free, 1 (800) 631-6234 or email George at info@morgansecuritieslaw.com.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to being a securities law firm, the firm also practices in the areas of personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:

Morgan & Morgan

Peter Safirstein, Esq.

Five Penn Plaza

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,110.14 +72.17 0.40%
S&P 500 2,114.76 +5.84 0.28%
NASDAQ 5,055.4220 -4.8240 -0.10%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs