NEW YORK, Dec. 10, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating OSI Systems, Inc. ("OSI" or the "Company") (NasdaqGS: OSIS) for possible violations of federal securities laws.
Click here to learn more about the investigation: http://zlk.9nl.com/osi-systems-osis/ or call: 877-363-5972. There is no cost or obligation to you.
On December 5, 2013, the Transportation Security Administration (the "TSA") canceled a $60 million order for carry-on baggage screening equipment. On December 9, 2013, OSI acknowledged that the cancellation was likely due to the Company's use of a Chinese-made component in the equipment; OSI says use of the component violated its contract because the Company did not obtain approval for the component before its usage. Shares of OSI were down more than $17.00 per share in intraday trading on December 9, 2013.
If you own OSI stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/osi-systems-osis/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
SOURCE Levi & Korsinsky, LLP