|By PR Newswire||
|December 9, 2013 02:30 PM EST||
NEW YORK, Dec. 9, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of OSI Systems, Inc. ("OSI Systems" or the "Company") (NasdaqGS: OSIS). Such investors are advised to contact Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether OSI Systems and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On December 9, 2013, shares of OSI fell $19.33 or 29.85% during intraday trading to trade at $45.42 after the Transportation Security Administration canceled a $60 million order for carry-on baggage screening equipment last week. The Company said in a news release today that TSA ended the $60 million order because a part in the machines made under the canceled contract was manufactured in China and the Company didn't get TSA's approval for that part, thus violating its contract.
If you are aware of any facts relating to this investigation, or purchased shares of OSI Systems, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC