OSI Systems ($OSIS) $12.5M Investor Settlement

The settlement funds have been distributed to claimants.

$12,500,000

Cash Settlement

C.D. California

Court

17-cv-08841

Case number

08/21/2013

Class period Start

12/06/2017

Class period End

OSI Systems ($OSIS) has agreed to settle $12,500,000 with investors to resolve claims that it misled shareholders about the sustainability of its turnkey security business and concealed risks tied to its Albanian operations.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Fraud,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Filing date

12/08/2017

Plaintiffs

Arkansas Teacher Retirement System

Attorneys

Robbins Geller Rudman & Dowd LLP

Defendants

Deepak Chopra; Alan Edrick; Ajay Mehra

Administrator

A.B. Data Ltd

Attorney fee

$3,750,000

Trades matching type

FIFO

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