OSI Systems, Inc.

Case Details

Class Period:
August 21, 2013 – February 1, 2018
Date Filed:
February 1, 2018
Case Number:
2:18-cv-00894
Jurisdiction:
Central District of California

Case Summary

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that OSI acquired the Albania concession through bribery or other illicit means; (2) that OSI transferred 49% of its project company associated with the Albania concession, S2 Albania SHPK, an entity purportedly worth millions, for consideration of less than $5.00; (3) that OSI engaged in other illegal acts, including improper sales and cash payments to government officials; (4) that these practices caused the Company to be vulnerable to potential civil and criminal liability, and adverse regulatory action; and (5) that, as a result of the foregoing, Defendants statements about OSIs business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Action Details

View Press Release

View Complaint (pdf)

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us.