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 email@example.com.
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