WAYNE, Pa., Dec. 10, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP announces that it is investigating potential claims against OSI Systems, Inc. ("OSI" or the "Company") (NASDAQ: OSIS).
If you purchased shares of OSI and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/osis. You may also email Mr. Maniskas at email@example.com.
The investigation concerns whether OSI and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On Friday, December 6, 2013, the company disclosed that the Transportation Security Administration canceled a $60 million order and lawmakers said the company may face a ban on U.S. contracts for using unapproved Chinese-made parts in baggage-screening equipment.
On this news, shares of OSI fell $17.37 per share to $47.38, or more than 26.83%, on December 9, 2013.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP