NEW YORK, Dec. 6, 2017 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP
(www.kaplanfox.com) is investigating OSI Systems Inc.
("OSI" or the "Company") (Nasdaq: OSIS) on
behalf of investors who purchased OSI common stock.
On December 6, 2017,
Bloomberg reported that "[s]hares of OSI Systems Inc.
plunged after investor Carson Block
said his firm Muddy Waters Capital was shorting the technology and
medical supplier, calling it 'rotten to the core' and saying it was
over-reliant on a sales contract with questionable pricing."
"The major major contract these guys have is a turnkey contract
in Mexico, and that's up for
renewal," Block said during an interview on Bloomberg TV. "The
pricing on that appears to be egregious and a lot of investors
don't understand the economics of this." "Block also accused
the company of obtaining a contract in Albania through corruption. 'If Mexico
got renewed on the same terms, you're not going to see the bottom
fall out of it. But if there is scrutiny of this contract, if the
pricing is lowered a decent bit, that will obviously wash through,
if our estimates are anywhere near correct, to the P&L in a big
way.'"
According to Bloomberg, "[a] spokesman for OSI declined
to comment when reached Wednesday morning. OSI describes itself as
a supplier of electronic systems for medical, security, defense and
aerospace uses. Security products make up more than half of its
sales, according to data compiled by Bloomberg. Over the last five
years through Tuesday, the shares have returned 39
percent."
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP,
with offices in New York,
San Francisco, Los Angeles, Chicago and New
Jersey, has decades of experience in prosecuting investor
class actions. For more information about Kaplan Fox & Kilsheimer LLP or its
investigation, you may contact jcampisi@kaplanfox.com or visit our
website at www.kaplanfox.com.
If you have any questions about this press release, please
contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue; 14th Floor
New York, NY 10022
(212) 687-1980
(800) 290-1952
jcampisi@kaplanfox.com
www.kaplanfox.com
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SOURCE Kaplan Fox &
Kilsheimer LLP