Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by OSI Systems, Inc. (NASDAQ: OSIS) and certain of its officers. OSI engages in the design, manufacture and sale of specialized electronic systems and components worldwide.
On January 27, 2016, OSI reported revenues of $197 million for the second quarter of fiscal 2016, a decrease of 23% as compared to the same period a year ago. Net income for the second quarter missed analyst expectations by $.41. On this news, the stock has traded down approximately 30% in early morning trading, January 28, 2016.
Specifically, Johnson & Weaver’s investigation will seek to determine if certain of the Company’s statements regarding its business and future prospects were false or misleading.
If you are a shareholder of OSI and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, 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.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160128005999/en/
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
