PR Newswire | Apr 29, 2021 06:27AM EDT

Should Management be Held Accountable for Investors Losses? Contact Johnson Fistel

04/29 05:26 CDT

OSI Systems (OSIS) Alert: Shareholder Class Action Survives Motion to Dismiss; Should Management be Held Accountable for Investors Losses? Contact Johnson Fistel SAN DIEGO, April 29, 2021

SAN DIEGO, April 29, 2021 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of OSI Systems, Inc. (the "Company" or "OSI ") (NASDAQ: OSIS) against certain of its officers and directors. Specifically, a class-action lawsuit pending in the Central District of California OSI against OSI and certain of its officers and directors recently survived defendants' attempts to dismiss the case.

The class period is between August 21, 2013 and December 6, 2017. The case arises from Defendants' false and/or misleading statements and/or failure to disclose that: (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 OSI's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

If you are a current, long-term shareholder ofOSIholding shares beforeAugust 21, 2013, you may have standing to hold OSI harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

If youare interested in learning more about the investigation, please contactlead analystJim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Additionally, if you have continuously owned OSI's shares since beforeAugust 21, 2013, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:Johnson Fistel, LLPJim Baker, 619-814-4471 jimb@johnsonfistel.com

If you have continuously owned OSI's shares since beforeAugust 21, 2013, you can [Click here to join this action]. There is no cost or obligation to you.

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SOURCE Johnson Fistel, LLP